Jamie has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much will he have in 2 years? *pls hurry . *

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asked Apr 15, 2022 15.3k views

12 votes

Jamie has $70 in a savings account. The interest rate is 5%,

compounded annually.
To the nearest cent, how much will he have in 2 years?

*pls hurry . *

Mathematics
college

Aletzo asked

by Aletzo

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1 Answer

6 votes

Answer:

$77

Explanation:

10% of 70$ is $7

$70+$7=$77

KcFnMi answered Apr 22, 2022

by KcFnMi

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