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Delanie deposited $3,000 into an account that earns 2.5% interest compounded annually. After 2 years, how much interest in dollars and cents will her investment pay?

Answer :

The amount of interest that should her investment pay should be considered as the $3,152.

Calculation of the amount of interest:

Since

The deposited amount is $3,000

The rate of interest is 2.5%

And, the number of years should be 2

So here the interest be like

[tex]= \$3,000 * (1 + 0.025)^2[/tex]

= $3,152

hence, The amount of interest that should her investment pay should be considered as the $3,152.

Learn more about interest rate here: https://brainly.com/question/14191952

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