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You deposit $450 in a savings account that earns 2% interest every year. What is the balance at year 15?

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The interest of $ 450 in a savings account after 15 years earning an interest of 2% per year will be $ 6,885. You need to find 2% interest of 450 which is 9 and then add it to 450 to get the total after you have received the interest. Multiply the total by 15 to give you the balance at year 15.

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Incorrect!
1.02^15=1.3458*145=605.64
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605.64
1.02 raised to the power 15 Is 1.3458
1.3458x145 =605.64

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