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Mr. Lee deposited $450 into a savings account that earns 5% compound interest, compounded annually for 2 years. What is the total amount that Mr. Lee will have in his account at the end of 2 years?​

Respuesta :

LittlePeanut11

Answer:

Okay, I've never learned about this before but I want to help and I think I get it. Again, I'm not very sure about this. $472.50

Step-by-step explanation:

I took one percent of 450 and mutiplied that by five to get 22.5

22.5 + 450 = 472.50 making THAT answer.