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

asked Jan 2, 2017 198k views

4 votes

8.1k points

Please log in or register to add a comment.

0 votes

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.

Triskweline answered Jan 6, 2017

7.5k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers