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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%?

User Ken Thomases
by
7.6k points

1 Answer

3 votes
1,000(1.075)^50=37,189.746…
User Raghu Nagaraju
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7.6k points
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