Question

Question

Evelyn placed $2,700 in a savings account which earns 1.1% interest, compounded every year. How much will she have in
the account after 5 years?
Round your answer to the nearest dollar

Answer 1

$2852

Explanation:

2,700 (1 + 0.011/1) ^ 1 (5)

2,700 (1.011)^5

=$2852