Register
Michael deposits $2650 into an account. The interest rate on the account is 6% compounded annually. What is the balance in Michael's account after 2 years? After 3 years?
53.8k views
21 votes
Michael deposits $2650 into an account. The interest rate on the account is 6% compounded annually. What is the balance in Michael's account after 2 years? After 3 years?

User Noamyg
by
8.5k points

2 Answers

9 votes

Answer:im late but 1 year would be 2809

Explanation:

User MSpreij
by
8.4k points
3 votes

Answer:

1 year would be 2809

Explanation:

User Byron Gavras
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!