Question

3. Brenda deposited $225 into an account that earns 7.25% compound

interest. How much will be in her account after six years?"

Answer 1

9514 1404 393

Answer:

$342.43

Explanation:

Each year, the account value is multiplied by 1 +7.25% = 1.0725. After 6 years, the value will be ...

$225(1.0725^6) ≈ $342.43