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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.
you know the formula?
interrest, rate time precentage
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