SOLUTION: p=11,000 r= 2% compounded= annually t =5 The amount of money in 5 years is The amount of interest is

SOLUTION: p=11,000 r= 2% compounded= annually t =5 The amount of money in 5 years is The amount of interest is

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Question 1140499: p=11,000 r= 2% compounded= annually t
=5
The amount of money in 5 years is
The amount of interest is
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
it would be 11000(1.02^5)=$12144.89
the interest would be $1144.89
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