Mathematics
chaparritacruz13
10

Claire deposited $2,500 into an account that accrues interest monthly. She made no additional deposits or withdrawals. After 2 years, Claire had $2,762.35 in the account. What is the annual interest rate of the account?

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(2) Answers
Jiiii

Answer here  5.247 Work 262.35 = 2,500.00 R 2

rajk444

According to formula A = p ( 1+ r/ 100) ^t $2762.35 = $2500 ( 1 + r/ 100) ^2 2762.35 = $2500 ( 1+r/ 100)^2 $2762.35 × 100 × 100 / $2500 = (100+r) ^2 $ 27623500/ $2500 = (100+r)^2 $11049.5 = ( 100+ r )^2 After removing squre √11049.5 = 100 + r 105.11 – 100 = r 5.11 % rate answer Mark as brainliest because ibeed one brainliest mark

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