sydneelittle7183 sydneelittle7183
  • 24-06-2021
  • Mathematics
contestada

You decide to invest $500 in an account that earns 4% interest compounded annually. What is the total amount of your investment after 2 years?

Respuesta :

fayebell2 fayebell2
  • 24-06-2021

Answer:

$540.8

Step-by-step explanation:

$500 x 1.04^2 = $540.8

Multiply by 1.04^2 as it is a percentile increase for interest

Answer Link

Otras preguntas

PLEASE ANSWER QUICKLY GUYS I'M OFFERING 25PTS (Wayy more than what it's worth) AND BRAINLIEST ANSWER. IT'S ONLY 2 QUESTIONS. THANKS IN ADVANCE, I GREATLY APPREC
People who have strong time-management skills have the ability to A. Avoid distractions B. Procrastinate when they want C. Memorize everything they need to d
Who uses microbiology, chemistry, and engineering to develop foods? a. dietitian b. food scientist c. pastry chef d. personal trainer e. teacher
Instead of accident prevention, health workers prefer the term "____.
Madeline uses fewer than 5 coins to pay 60 cents. Draw coins to show one way she could pay 60 cents.
How has the artist used symbolic proportion when creating Mary and Jesus (Christ), in this piece entitled, Mary and Christ Enthroned?
In an experiment, an unknown gas effuses at one-half the speed of oxygen gas, which has a molar mass of 32 g/mol. which might be the unknown gas?
Are the 2010s the new 1960s? What do you think?
What is a pattern of behavior that you often repeat
In the diagram, KL ≅ NR and JL ≅ MR. What additional information is needed to show ΔJKL ≅ ΔMNR by SAS? A. ∠J ≅ ∠M B. ∠L ≅ ∠R C. ∠K ≅ ∠N D.∠R ≅ ∠K