document.write( "Question 1081826: Which of the following statements describes the following expression if the sum is compounded annually for 2 years?
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document.write( "A = 1350(1.06)2 \n" );
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Algebra.Com's Answer #695895 by jim_thompson5910(35256) ![]() You can put this solution on YOUR website! The rest of your problem is cut off, but I'm assuming your teacher is aiming for something like \"The amount $1,350 is deposited into an account with 6% interest. The money is compounded annually for 2 years\". \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Note: this is assuming no other deposits or withdrawals take place. Also, this assumes the interest rate stays at 6%. Keep in mind that 6% = 6/100 = 0.06. To get 6% growth, we'd have 1+r = 1+0.06 = 1.06 \n" ); document.write( " |