Jorge invests 2,500 in an online investment account that pays 6.75% interest compounded annually. approximately how much money will he have in his account in 2 years

2,848.90

Step-by-step explanation:

We are given the following;

We are required to determine the amount in his account after 2 years.

Since the money was compounded annually;

We are going to use the compound interest formula of getting amount accrued.

A = P(1 + r/100)^n

where n is the interest periods, in this case n=2

Therefore;

A = 2500 (1 + 0.0675)^2

   =2,848.89

  = 2,848.90

Thus, the amount that will be in the account is 2,848.90.

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