Jenny deposits $105 into an account that earns 4% interest compounded annually. What is the balance in her account after 11 years? (Round to the nearest cent)

Question

asked Mar 10, 2022 27.4k views

1 Answer

Jason Donnald · Answer 1 · 2022-03-16T00:32:30+0000

Answer:

I'm not 100% sure, so I really apologize if my answer is incorrect (Haven't done interest rate in a while) But the answer I got was $161.64

Explanation: