hearts1466 hearts1466

12-05-2020
Mathematics

contestada

Maria invests $8,000 in a bank account, which pays 9% annual interest, compounded yearly. What will be Maria's account balance at the end of the second year?

Respuesta :

AnonymousZX AnonymousZX

12-05-2020

Answer:$9504.80

Step-by-step explanation:

Every year, we have an increase of 9% interest. After two years, we will have 8000 * 1.09 ^2 = $9504.80

Answer Link

shotziraymond16 shotziraymond16

12-05-2020

Answer:

Her bank account will be at $9,440 and the end of the second year

Step-by-step explanation:

Answer Link

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