Anne invested $1000 in an account with a 1.3% annual interest rate. She made no deposits or withdrawals on the account for 2 years,
If interest was compounded annually, which equation represents the
balance in the account after the 2 years?
(1) A = 1000(1 - 0.013)2 (3) A = 1000(1 - 1.3)?
(2) A = 1000(1 + 0.013)2 (4) A = 1000(1 + 1.3)2