jhargraves393 jhargraves393
  • 06-04-2021
  • Mathematics
contestada

Diamond deposited $300 in a savings account that has a 2% interest rate per
year. How much is in her account after 1 year? After 2 years?
help pls

Respuesta :

Akzoo
Akzoo Akzoo
  • 06-04-2021

Answer:

After 1 year: $306

After 2 years: $312.12

Step-by-step explanation:

Use the formula 300 x [tex]1.02^{t}[/tex]

t = no of years

So, Deposit x interest rat[tex]e^{years}[/tex]

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