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Using compounding, how much interest will be earned in the second year of a savings account that has an original balance of $200 and earns 6 percent interest per year

Using compounding, how much interest will be earned in the second year of a savings account that has an original balance of $200 and earns 6 percent interest per year
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Using compounding, how much interest will be earned in the second year of a savings account that has an original balance of $200 and earns 6 percent interest per year

asked
User Nano HE
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8.1k points

1 Answer

11 votes

Answer:

$12.72

Step-by-step explanation:

answered
User Zhomart
by
7.9k points
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