shantiiwilliams619 shantiiwilliams619

13-10-2020
Mathematics

contestada

A man deposits $45 000 in a savings account.
Compound interest is paid at 3.5% calculated
at the end of each year.
How much will be in the bank account at
the end of 2 years?

Respuesta :

denero70 denero70

14-10-2020

Answer:

3150

Step-by-step explanation:

principal =45000

compound interest =3.5%

Time =2years

then,

3.5/100*45000=1575

2years

1575*2=3150

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