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PLEASE HELP ME!John invests $2,975 at 4% interest compounded annually. What will be the balance in the account after 2.5 years? (1 point) $3,272.50 $3,281.48 $5,493.86 $7,735.00
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PLEASE HELP ME!John invests $2,975 at 4% interest compounded annually. What will be the balance in the account after 2.5 years? (1 point)

$3,272.50
$3,281.48
$5,493.86
$7,735.00

User DragonLord
by
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2 Answers

4 votes
2975(1+0.04)^2.5=???? Hope it helps :-)
User Tomasz Szuba
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2 votes
2975✖️.04= 119
119✖️2.5=297.5
2975+297.5=3,272.50
User Valerio Gentile
by
7.1k points
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