Question

13.(6.6) Solve.

A retirement account that contains $53,000 earns 7.7% annual interest. What would be the balance I after 2 years?
A=?
P=
R=
T=


Need help quick pls

Answer 1

I guess $44,838.

Explanation:

Interest for 1 year is $4081

So for 2 years is $8162

so substract it