Question

880$ at 5.25% for 2 years

Answer 1

$977.20

Explanation:

We will use the compound interest formula to solve this: A = P(1 + R) ^ T

Using this formula we plug-in the values that we already have:

A = 880(1 + .0525) ^ 2

Now if we solve this, we end up with 977.20. That is your answer.