Robert won $900,000 in the North Carolina State Lottery. After paying $350,000 in taxes, he invested the remaining money in a savings account with a 4.25% interest rate. How much money is in the account if Robert makes no deposits or withdrawals for two years?
4 answers
(900,000 - 350,000) * 0.0425 * 2 = ?
(900,000-350,000)x 4.25% x 2=?
550,000 x 4.25% x 2 = ?
23,375 x 2 = ?
$46,750
550,000 x 4.25% x 2 = ?
23,375 x 2 = ?
$46,750
Robert won $900,000 in the North Carolina State Lottery. After paying $350,000 in taxes, he invested the remaining money in a savings account with a 4.25% interest rate. How much total money is in the account if Robert makes no deposits or withdrawals for two years?
Answer
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