montyhatesari montyhatesari

24-05-2022
Mathematics

contestada

An account earns 4% yearly compound interest. If you put $1500 in the account, what is the ending balance after 5 years
A. $300.00
B. $1824.98
C. $324.98
D. $1800.00

Respuesta :

user1484 user1484

24-05-2022

b

1500(1+(.04/1))^(1(5))

= 1824.979..

Ver imagen user1484

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myranda13210 myranda13210

24-05-2022

Yeah it’s b. Right answer

Answer Link

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