Samantha puts $800.00 into an account to use for school expenses. The account earns 11% interest, compounded annually. How much will be in the account after 10 years? Round your answer to the nearest cent.

$2271.54

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

Compounded Interest Formula:

A is final amountP is principle amountr is raten is compoundt is time in years

Step-by-step explanation:

Step 1: Define

P = 800.00

r = 0.11

n = 1

t = 10

Step 2: Find A

Substitute [Formula]:                    Divide/Multiply:                             Add:                                               Exponents:                                    Multiply:                                        

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