Question

Math

Omar opened a savings account and deposited $800.00. The account earns 6% interest,
compounded annually. If he wants to use the money to buy a new bicycle in 2 years, how
much will he be able to spend on the bike?
A
Round your answer to the nearest cent.
$
Recommendations

Answer 1

898.88

Explanation:

if you multiply 800 by 1.06, then multiply that answer by 1.06, you get 898.88