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Jack recieved $600 for his birthday. If he saves it in a bank account with 8% interest compounded yearly, how much money will he have in the bank by his 21st birthday? Round to …

Jack recieved $600 for his birthday. If he saves it in a bank account with 8% interest compounded yearly, how much money will he have in the bank by his 21st birthday? Round to …
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Jack recieved $600 for his birthday. If he saves it in a bank account with 8% interest compounded yearly, how much money will he have in the bank by his 21st birthday? Round to the nearest whole dollar.

a) $1069
b) $555
c) $1510
d) $300

User Inanda Menezes
by
7.5k points

1 Answer

5 votes

so 21 - 13, the money will be invested for 8 years.



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User Ikbel
by
8.0k points
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