Ask Question
21 July, 20:13

Barry's savings account has a balance of $2874. After 9 years, what will the amount of interest be at 5% compounded annually?

+3
Answers (2)
  1. 21 July, 21:44
    0
    A=2,874 * (1+0.05) ^ (9)

    A=4,458.52

    Interest earned

    4458.52-2874=1,584.52
  2. 21 July, 21:51
    0
    What you need to do is take $2874 and divide the 5% and then times the 9 by what you get
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Barry's savings account has a balance of $2874. After 9 years, what will the amount of interest be at 5% compounded annually? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers