jorge invests 2,500 in an online investment account that pays 6.75% interest compounded annually. Approximately how much money will he have in his account in 2 years

2,848.90

Step-by-step explanation:

We are given the following;

Amount invested (principal) = 2,500 Rate of interest is 6.75% p. a Time is 2 years

We are required to determine the amount in his account after 2 years.

Since the money was compounded annually;

We are going to use the compound interest formula of getting amount accrued.

A = P (1 + r/100) ^n

where n is the interest periods, in this case n=2

Therefore;

A = 2500 (1 + 0.0675) ^2

=2,848.89

= 2,848.90

Thus, the amount that will be in the account is 2,848.90.