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2. You deposited $2500 in the bank account. Your account is earning 2.85% interest compounded annually. a) How much money will you have in her bank account after 5 years? b) How much interest did she earn
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2. You deposited $2500 in the bank account. Your account is earning 2.85% interest

compounded annually.
a) How much money will you have in her bank account after 5 years?
b) How much interest did she earn in the 5 years?

User Kingamoon
by
4.5k points

1 Answer

3 votes

Answer:

a)2877.14

b)377.14

Explanation:

User Surya Tej
by
4.5k points
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