Question

PLEASE HELP ME!John invests $2,975 at 4% interest compounded annually. What will be the balance in the account after 2.5 years? (1 point)
$3,272.50
$3,281.48
$5,493.86
$7,735.00

Answer 1

2975(1+0.04)^2.5=???? Hope it helps :-)

Answer 2

2975✖️.04= 119
119✖️2.5=297.5
2975+297.5=3,272.50