will deposited $1550 in an account that pays 8% annually. How much would be in the account at the end of 24 months?

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Faraj asked Feb 24, 2023

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will deposited $1550 in an account that pays 8% annually. How much would be in the account at the end of 24 months?

Mathematics
high-school

Faraj asked Feb 24, 2023

by Faraj

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24 votes

Will will have $1798 I’m the account after 24 months.

MichaPau answered Feb 27, 2023

by MichaPau

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28 votes

Answer:

$1798

Explanation:

You take the money of 1550 and multiply the 16% for the 2 years, which is just 1.16 and you get 1798

Marcos Bergamo answered Feb 28, 2023

by Marcos Bergamo

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