Brody deposited $500 into an account that

earns 4.2% interest compounded annually. He
makes no additional deposits and no withdrawals.
Approximately how much interest will the account
have earned after 7 years?

A $167
B $420
C $542
D $665

My possible answers are A or D. I'm just having a hard time figuring out which one would be the correct one. Please help. I really appreciate it. Thank you!

7 answers

search compound interest calculator in google and place ur values

i think D is correct
Awesome, thank you! :)
:) Welcome
nope. D is the total amount in the account, but is not the correct answer.
Im pretty sure its D, I'll be back later with the 100% correct answer though
It doesn't show you which one you get wrong on the test but im pretty sure D is correct.
I made an eighty so I still did pretty good lol
its A
Similar Questions
  1. Brody deposited $500 into an account thatearns 4.2% interest compounded annually. He makes no additional deposits and no
    1. answers icon 8 answers
  2. Brody deposited $500 into an account thatearns 4.2% interest compounded annually. He makes no additional deposits and no
    1. answers icon 2 answers
  3. Huan deposited $850 into a collegesavings account earning 4.8% interest compounded annually. He also deposited $850 into a
    1. answers icon 3 answers
  4. what formula do i use for the following problem:which of the following investments is larger after 19years? a) $7500 is
    1. answers icon 0 answers
more similar questions