Spelling2021student Spelling2021student

30-04-2022
Mathematics

contestada

In money in a savings account earned 8.5% intrest per annum, how much interest would be earned on $200.00 over two years?

Respuesta :

efooj00 efooj00

30-04-2022

Answer:

$1305.91

Step-by-step explanation:

To solve this, we can use the geometric sequence formula

[tex]\alpha _n=a_1*r^n^-^1[/tex]

If we plug in our values we get [tex]\alpha _n=200*1.085^2^3[/tex]

Thus, leaving us with 1305.91

Hope this helps

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