Asked by Quita
                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? write it in a sequence
            
            
        Answers
                    Answered by
            drwls
            
    It is easier to write it as 
500*(1.05)^10
    
500*(1.05)^10
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