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OpenStudy (anonymous):
. Find the balance on a deposit of $455 that earns 4% interest compounded annually for 2 years. $36.40 $491.40 $492.13 $819
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OpenStudy (anonymous):
36.4
OpenStudy (anonymous):
ha thanks :3
hartnn (hartnn):
notice the word *compounded* there's a different formula for this
hartnn (hartnn):
\(A = P (1+r/100)^n\)
hartnn (hartnn):
check again :)
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hartnn (hartnn):
492.12
hartnn (hartnn):
yes
hartnn (hartnn):
:)
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