123k views
22 votes
Ra

2 of 12
Savings Account
Alexandra deposits $600 in her bank account. The
account earns interest at a rate of 5%, compounded
annually.
Which equation below represents Alexandra's savings
if she makes no additional deposits or withdrawals?

User Gary Ryan
by
6.9k points

1 Answer

6 votes

Answer:

can't see the options you have but if I show you how to work it out maybe that will help??

100 + 5 = 105

105/100 = 1.05

600 X 1.05^ to number of years

User Mohammed Nasman
by
8.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories