jtryan937 jtryan937

23-03-2021
Mathematics

contestada

A savings account earns 8% interest each year, compounded annually. If a person invests
$100 and makes no further deposits or withdrawals, what is the balance in the account
after 5 years? Round your answer to the nearest cent.

Respuesta :

anettet227 anettet227

24-03-2021

Answer:

100(1+8/100)5=146,93

Step-by-step explanation:

then take 100-146,93=46,93

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