8. You deposit $2000 in an account that earns 5% annual interest. Find the balance after 1 year if the interest is compounded quarterly. A. $2,100 B. $2,101.89 C. $2,102.32 D. $2,102.49

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asked Jun 23, 2021 83.9k views

1 vote

8. You deposit $2000 in an account that

earns 5% annual interest. Find the balance
after 1 year if the interest is compounded
quarterly.
A. $2,100
B. $2,101.89
C. $2,102.32
D. $2,102.49

Mathematics
high-school

Andrew Winterbotham asked

by Andrew Winterbotham

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1 Answer

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Answer: A, $2,100

Explanation:

2000x1.05=2,100

Asher Saban answered Jun 27, 2021

by Asher Saban

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