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Ashley deposit $100 into a savings account. The account is 2% compounded annually. What is the balance in Ashley's account after 2 years?​
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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
6.2k points

1 Answer

4 votes

Answer:

104.40

Explanation:

100 * 2% = 102

102 * 2% =104.4

User Zouabi
by
5.9k points
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