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A bank representative studies compound interest, so she
can better serve customers. She analyzes what happens when $1,800 earns
Interest at a rate of 5% for 2 years.

Sagot :

Gloriah6969idn

Answer:

i think the answer would be $254.99

Step-by-step explanation:

Hope this help :)

Nfeinglass910idn
Your question is worded very well. But here is what I can make out of it.

I am assuming your interest is compound annually (once a year).

A = Final Amount $
P = Principal Amount $
R = Interest Rate %
N = # of times interest is compounded per time period
T = Time in Years
I = Amount if Interest Earned $

A = ?
P = ?
R = 5%
N = 1
T = 2
I = $1800

I solved for A and P.
A = $19,360.98
P = $17,560.98
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