Ask Question
18 October, 06:52

John invests $2,975 at 4% interest compounded annually. What will be the balance in the account after 2.5 years?

• $3,272.50

• $3,281.48

• $5,493.86

• $7,735.00

+5
Answers (1)
  1. 18 October, 07:14
    0
    2975✖️.04 = 119

    119✖️2.5=297.5

    2975+297.5=3,272.50
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “John invests $2,975 at 4% interest compounded annually. What will be the balance in the account after 2.5 years? • $3,272.50 • $3,281.48 • ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers