Mathematics, 02.07.2020 18:01 studyoverload

Andy has $7,411 in a savings account. The interest rate is 11%, compounded annually. To the nearest cent, how much interest will he earn in 2 years?
Use the formula B = P(1 + r), where B is the balance (final amount), p is the principal
(starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
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Andy has $7,411 in a savings account. The interest rate is 11%, compounded annually.

To the neare

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Andy has $7,411 in a savings account. The interest rate is 11%, compounded annually. To the nearest...