Register

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.
198k views
4 votes
Find the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years.

User Dr Glass
by
7.6k points

1 Answer

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.
User Triskweline
by
7.5k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!