Ask Question
25 February, 06:00

Theo deposits $2,000 deposit in a savings account earning compound interest at an annual rate of 5% compounded annually. He makes no additional deposits or withdrawals. Use the formula for compound interest to find the amount in the account after 10 years.

+5
Answers (1)
  1. 25 February, 09:06
    0
    The amount in the account after 10 years would be $3257.79
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Theo deposits $2,000 deposit in a savings account earning compound interest at an annual rate of 5% compounded annually. He makes no ...” 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