Lisa Simpson puts $100 in the bank…   “I got their new Thrifty Savers savings account, with 2.3% annual interest (compounded annually) instead of the normal 2.25% so a year from now, I’ll have an extra $0.05.”   Is she right? Show your work

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Lisa Simpson puts $100 in the bank…

 

“I got their new Thrifty Savers savings account, with 2.3% annual interest (compounded annually) instead of the normal 2.25% so a year from now, I’ll have an extra $0.05.”

 

Is she right? Show your work

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