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Question Evelyn placed $2,700 in a savings account which earns 1.1% interest, compounded every year. How much will she have in the account after 5 years? Round your answer to th…

Question Evelyn placed $2,700 in a savings account which earns 1.1% interest, compounded every year. How much will she have in the account after 5 years? Round your answer to th…
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Question

Evelyn placed $2,700 in a savings account which earns 1.1% interest, compounded every year. How much will she have in
the account after 5 years?
Round your answer to the nearest dollar

asked
User Erling Olsen
by
8.4k points

1 Answer

2 votes

Answer:

$2852

Explanation:

2,700 (1 + 0.011/1) ^ 1 (5)

2,700 (1.011)^5

=$2852

answered
User Pastre
by
8.6k points
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