Anonymous Anonymous

08-02-2017
Mathematics

Answered

Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 2.5% on the balance, compounded semiannually. How much will she have after one year if her initial deposit was $200?

A$205.00
B$205.01
C$205.02
D$205.03

Verified Answer :

Aliwohaish12 Aliwohaish12

08-02-2017

200(1+0.025/2)^2*1
=205.03

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