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A family invested $2000 into an account that pays 2% interest compounded annually. How much money is in the family account after 7 years

A family invested $2000 into an account that pays 2% interest compounded annually. How much money is in the family account after 7 years
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A family invested $2000 into an account that pays 2% interest compounded annually. How much money is in the family account after 7 years

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User Viranja Kaushalya
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1 Answer

6 votes

Answer:

In 7 years, you will have $2,297.37

Explanation:

A family invested $2000 into an account that pays 2% interest compounded annually-example-1
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User CopsOnRoad
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