Question

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?

Answer 1

73.50

Explanation:

math

Answer 2

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!