Register
Ashley deposit $100 into a savings account. The account is 2% compounded annually. What is the balance in Ashley's account after 2 years?​
98.5k views
4 votes
Ashley deposit $100 into a savings account. The account is 2% compounded annually. What is the balance in Ashley's account after 2 years?​

User Gvgramazio
by
6.8k points

1 Answer

4 votes

Answer:

104.40

Explanation:

100 * 2% = 102

102 * 2% =104.4

User Zouabi
by
6.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.3m questions

9.8m answers

Other Questions

Write words to match the expression. 24- ( 6+3)
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
What is 25% of 500.00
Link Copied!