Wesley and mia deposit $800.00 into a savings account which earns 15% interest compounded annually. they want to use the money in the account to go on a trip in 2 years. how much will they be able to spend?
where a is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years.
round your answer to the nearest cent.