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Chandler opened a savings account and deposited 8,000.00 as principal. The account earns 13% interest, compounded annually. What is the balance after 2 years?

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解答

Chandleropenedasavingsaccountanddeposited8,000.00asprincipal.Theaccountearns13%interest,compoundedannually.Whatisthebalanceafter2years?

解答

Amount:10215.2
求解步骤
Translate the problem into an equation:A=8000(1+10.13​)1⋅2
8000(1+10.13​)1⋅2=10215.2
Amount:10215.2

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