Chillinbabyidk Chillinbabyidk

19-09-2020
Mathematics

contestada

principal: $335
Annual rate: 5.2%
time: 2.5 years

i forgot how to like set it up-uuuhghghg help guys please

Respuesta :

MathPhys MathPhys

19-09-2020

Step-by-step explanation:

Assuming it is compounded annually:

A = P (1 + r)^t

where A is the final amount

P is the principal,

r is the annual rate,

and t is time in years.

A = 335 (1 + 0.052)^2.5

A = 380.26

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