Mr. wilkins deposited $2,500 in a new account at his bank. • the bank pays 6.5% interest compounded annually on this account. • mr. wilkins makes no additional deposits or withdrawals. which amount is closest to the balance of the account at the end of 2 years? a) $2,835.56 b) $2,513.00 c) $2,662.50 d) $2,825.00

Option A.  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above  

step-by-step explanation:

you can add the two numbers and divide the result by 2. or you can find the gap between the two numbers and add half of this to the smaller number.