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If 10,500 is deposited in a compound interest account paying 2.99% interest annually, how much will be in the account after 5 years? Round your answer to the nearest cent.
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If 10,500 is deposited in a compound interest account paying 2.99% interest annually, how much will be in the account after 5 years? Round your answer to the nearest cent.

User Dennis R
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1 Answer

5 votes
2.99% x 5 = 167.22
10,500.00 + 167.22 = 10,667.22
User Bhavye Mathur
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