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Emily parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded annually. What will be the total balance after 2 years? (A) $1,314.08 (B) $2,385.72 (C) $3,273.
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Emily parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded annually. What will be the total balance after 2 years?

(A) $1,314.08

(B) $2,385.72

(C) $3,273.50

(D) $1,757.71

User UchihaItachi
by
8.7k points

1 Answer

3 votes

Answer:(A) 1.314.08

Explanation:

Inflation

User LTasty
by
9.2k points
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