## gies28 3 years ago You invest \$1,300 in an account that has an annual interest rate of 5%, compounded annually. How much money will be in the account after 10 years? Round your answer to the nearest whole number.

1. ryan123345

you know the formula?

2. ryan123345

I=PRT

3. godorovg

I=PRT

4. gies28

ok what i

5. godorovg

interrest, rate time precentage

6. gies28

is it 1950

7. godorovg

8. gies28

You invest \$1,300 in an account that has an annual interest rate of 5%, compounded annually. How much money will be in the account after 10 years? Round your answer to the nearest whole number. Answer \$2,001 \$2,050 \$2,118 \$2,287 tese aour the choices

9. godorovg

one sec

10. gies28

You invest \$500 in an account with an annual interest rate of 1.1%, compounded continuously. How much money is in the account after 10 years? Round your answer to the nearest whole number. Answer \$548 \$558 \$580 \$600

11. gies28

theres anthior one i got like 6 of them

12. godorovg

first problem is 1300 but the interet is compounded yearly so we must find out what the interest is on 1300 at 5 percent so, we take 1300 time 0.05 for 5 percent to find it is 65 and than take 65 time to 12 and come up with 2080 does this sound right?

13. gies28

there is a 2050 there no 2080