Will deposited $1550 in an account that pays 8% annually. How much would be in the account at the end of 24 months?

Question

asked Jul 13, 2023 214k views

2 Answers

Kolky · Answer 1 · 2023-07-19T12:10:08+0000

Answer:

$1798

Explanation:

You take the money of 1550 and multiply the 16% for the 2 years, which is just 1.16 and you get 1798