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Jamar deposited $200 into a savings account. The account earns 2.5% annual compound interest. If your mom makes no additional deposits or withdrawals, how much interest will he …

Jamar deposited $200 into a savings account. The account earns 2.5% annual compound interest. If your mom makes no additional deposits or withdrawals, how much interest will he …
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10 votes
Jamar deposited $200 into a savings account. The account earns 2.5% annual compound interest. If your mom makes no additional deposits or withdrawals, how much interest will he have earned at the end of 20 years?

asked
User Manveti
by
8.7k points

1 Answer

6 votes

Answer:

10,000

Explanation:

200* (2.5*20)

answered
User Ingo Karkat
by
8.9k points
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