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you know the formula?
ok what i
interrest, rate time precentage
is it 1950
can you show me your work just asking??
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
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
theres anthior one i got like 6 of them
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?
there is a 2050 there no 2080