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.

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asked Dec 27, 2019 167k views

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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.

Mathematics
high-school

DessDess asked

by DessDess

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2 Answers

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

KrazyGautam answered Dec 29, 2019

by KrazyGautam

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5 votes

Answer:157,500

Explanation:

Tomer Omri answered Dec 31, 2019

by Tomer Omri

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