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Find the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years.

Find the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years.
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Find the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years.

User Dr Glass
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1 Answer

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I don't have a calculator on me but the sum is 1150 x 1.09(2)

By (2) I mean 1.09 squared or to the power of two.
User Triskweline
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