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Bertha deposited $1000 into a retirement account when she was 18. How much will Bertha have in this account after 50 years at a yearly simple interest rate of 7.5%?
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Bertha deposited $1000 into a retirement account when she was 18. How much will Bertha have in this account after 50 years at a yearly simple interest rate of 7.5%?
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Sep 24, 2023
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Bertha deposited $1000 into a retirement account when she was 18. How
much will Bertha have in this account after 50 years at a yearly simple
interest rate of 7.5%?
Mathematics
high-school
Ken Thomases
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1,000(1.075)^50=37,189.746…
Raghu Nagaraju
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Sep 28, 2023
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Raghu Nagaraju
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