montyhatesari
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
Answer Link
myranda13210 myranda13210
  • 24-05-2022
Yeah it’s b. Right answer
Answer Link

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