Ask a New Question

Asked by Anonymous

37. A person deposited $500 in a savings account that pays 5% annual interest that is
compounded yearly. At the end of 10 years, how much money will be in the savings
account?
14 years ago

Answers

Answered by Damon
500 * 1.05^10
14 years ago

Related Questions

33,000 was just deposited in an account paying 10% interest, the money will be there for 7 yrs. How... If $1,000.00 is deposited into an account paying 3% interest compounded annually (at the end of each... If $13,000 is deposited in a bank account paying 6% compounded quarterly, what amount will be in the... a person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly.... If a person deposited $50 a month for 6 years earning 8%, this would involve what type of computatio... A person deposited 100000 in a bank for three years. The Bank paid interest at 8% per annum compound... 𝑅𝑀 600 is deposited every three months for two years and nine months at 8 % compounded quarterly.... How much must be deposited at the beginning of each year in an account that pays 8%, compounded annu... R2 000 is deposited into an account for n years at an interest rate of 16% per annum compounded quar...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use