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Carla invest $10,000 into an account with a 2.2% interest rate that is compounded annually. How much money will she have in his account if she keeps her for five years? Round your answer to the nearest
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Carla invest $10,000 into an account with a 2.2% interest rate that is compounded annually. How much money will she have in his account if she keeps her for five years? Round your answer to the nearest dollar

User Urnenfeld
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1 Answer

2 votes
11,110 dollars.
Each year is a increase of 220 dollars.
Multiply by 5 and get 1100
User Houssem Hichri
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5.1k points
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