Bob puts $500 into an account that pays 5% interestc ompounded anually. What is the balance after 5 years? a $525.25 b $625.00 c $526.72 d $638.14

asked Jun 16, 2022 120k views

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Bob puts $500 into an account that pays 5% interestc ompounded anually. What is the balance after 5 years?

a
$525.25
b
$625.00
c
$526.72
d
$638.14

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6 votes

I believe it is B if 500x0.05 =25x5=125+500=625

Fawzan answered Jun 16, 2022

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7 votes

Answer:

Explanation:

Alex Krauss answered Jun 22, 2022

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