Laura decided to invest $100 into a bank account that yields 6.5 percent interest compounded annually. What will her account balance be after 10 years?

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asked May 22, 2018 82.6k views

4 votes

Laura decided to invest $100 into a bank account that yields 6.5 percent interest compounded annually. What will her account balance be after 10 years?

Mathematics
middle-school

Guilherme Rodrigues asked

by Guilherme Rodrigues

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2 Answers

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Balance = 100 x 1.065^10 = $187.71 which is option C.$187.71

Jmtalarn answered May 23, 2018

by Jmtalarn

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1 vote

$187.71
hope this helps out

Valem answered May 28, 2018

by Valem

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