SOLUTION: 1. Calculate the balance after two years for the following account. Account Balance: $1,500 Interest: 3.5% Type if account: Annual Compount Interest. A. $1,552.50 B. $1,606.

SOLUTION: 1. Calculate the balance after two years for the following account. Account Balance: $1,500 Interest: 3.5% Type if account: Annual Compount Interest. A. $1,552.50 B. $1,606.

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Question 661879: 1. Calculate the balance after two years for the following account.
Account Balance: $1,500
Interest: 3.5%
Type if account: Annual Compount Interest.
A. $1,552.50
B. $1,606.84
C. $2,077.50
D. $4,500.00
I got B, but I don't think it's right. I just want someone to help me double check.
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
I'm getting B as well, nice job.
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