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How much interest is earned for the investment? $16,000 for 2 years at 5% compounded annually
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How much interest is earned for the investment? $16,000 for 2 years at 5% compounded annually
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Sep 13, 2019
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How much interest is earned for the investment? $16,000 for 2 years at 5% compounded annually
Mathematics
high-school
Yulieth
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16000(1+(.05/1)^(2x1)
PEMDAS
16000(1.05)^2
16000x1.1025
17640
Miljan Rakita
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Sep 20, 2019
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Miljan Rakita
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