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25 votes
Tiana has $70 in an account. The interest rate is 5% compounded annually.

To the nearest cent, how much will she have in 1 year?

User PromInc
by
3.2k points

2 Answers

6 votes

Answer:

73.50

Explanation:

math

User Joche Wis
by
3.4k points
10 votes

Answer:

73 dollars and 50 cents

Explanation:

Initial Deposit:

70

Years to Save:

1

Estimated Rate of Return

5

Compound Frequency:

Annually

Earned Interest

$3.50

Total Balance

$73.50

Hope this helps!

User Ilya Serbis
by
3.4k points