An account earning 6.5% interest compounded annually for 10 years would have a balance of how much if the principal was $500 NEED ASAP

asked Oct 11, 2022 83.7k views

25 votes

An account earning 6.5% interest compounded annually for 10 years would have a balance of how much if the principal was $500

NEED ASAP

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10 votes

Answer: $825

6.5% of 500 is 32.5 and $32.5 annually for 10 years would be $325 so then just combine the numbers, $500+$325

Geertjanvdk answered Oct 13, 2022

9.0k points

11 votes

Answer:

Myabe around 3,00 and something

Explanation:

Orlando Herrera answered Oct 15, 2022

7.2k points

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