Register
Freddie opened a savings account and deposited $500 as principal. The account earns 7% interest, compounded annually. What is the balance after 9 years? Round to the nearest cent.
167k views
5 votes
Freddie opened a savings account and deposited $500 as principal. The account earns 7% interest, compounded annually. What is the balance after 9 years? Round to the nearest cent.

User DessDess
by
8.1k points

2 Answers

3 votes

Answer: 157,500 is the right answer hope this helped!!!!!!!

User KrazyGautam
by
7.6k points
5 votes

Answer:157,500



Explanation:


User Tomer Omri
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!