Question 1160873: Tisha has $40 in a savings account that earns 5% interest, compounded annually.
To the nearest cent, how much will she have in 2 years Answer by solver91311(24713) (Show Source):
Where is the amount in the account after years, is the initial principal amount, is the annual interest rate expressed as a decimal, and is the number of compounding periods per year.
You want to find where , , , and .
You can do your own arithmetic.
John
My calculator said it, I believe it, that settles it
