ms tabanelli deposits $20,000 in an account that has a 5% annual interest rate compound yearly. If she does not add to or withdraw from the account for 2 years, how much interest will she have earned for the 2-year period?

Respuesta :

  • Answer:

$2050

  • Step-by-step explanation:

$20000×1.05×1.05 =

= $20000×1.05²

= $20000×1.1025

= $22050

$22050 - $20000 = $2050