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If $41 is invested in an account that compounds interest annually at 9.4%, what would the balance be in 5 years rounded to the nearest cent?

If $41 is invested in an account that compounds interest annually at 9.4%, what would the balance be in 5 years rounded to the nearest cent?
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If $41 is invested in an account that compounds interest annually at 9.4%, what would the balance be in 5 years rounded to the nearest cent?

User Geoffrey Poole
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1 Answer

2 votes
A=41×(1+0.094)^(5)
A=64.25
User Darren Beale
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8.6k points
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