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If a one time contribution of $2400 is deposited into an anually compounding account with a 2.9% interest rate, how much will be in the account after 2 years?

If a one time contribution of $2400 is deposited into an anually compounding account with a 2.9% interest rate, how much will be in the account after 2 years?
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if a one time contribution of $2400 is deposited into an anually compounding account with a 2.9% interest rate, how much will be in the account after 2 years?

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User Xyphoid
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8.1k points

1 Answer

3 votes
2400(1+2.9%)^2=???.....
answered
User Ursan
by
8.7k points
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