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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
3.6k 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
5.3k points