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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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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

User Khaloymes
by
8.5k points

2 Answers

6 votes
I believe it is B if 500x0.05 =25x5=125+500=625
User Fawzan
by
8.6k points
7 votes

Answer:

b

Explanation:

User Alex Krauss
by
9.0k points
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