Question

Bernie deposited $2,000 in an account earning 10% interest compounded annually. To the nearest cent, how much will he heave in 5 years?

Answer 1

3000

Explanation:

2000 x .10= 200 that's interest for one year

200 x 5 = 1000 that's interest for 5 years

1000 + 2000= 3000 total amount of money in five years

Answer 2

Answer:3,221.02

Explanation: