37.4k views
3 votes
Principal: $335

Annual rate: 5.2%
time: 2.5 years

i forgot how to like set it up-uuuhghghg help guys please

User Nefron
by
7.0k points

1 Answer

2 votes

Explanation:

Assuming it is compounded annually:

A = P (1 + r)^t

where A is the final amount

P is the principal,

r is the annual rate,

and t is time in years.

A = 335 (1 + 0.052)^2.5

A = 380.26

User Heiflo
by
7.3k points