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45. You deposit $6000 into an account that earns 3.8% interest compounded annually. Find the balance of the account after 7 years.
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7 votes
45. You deposit $6000 into an account that earns 3.8% interest compounded annually.

Find the balance of the account after 7 years.

User Zouabi
by
7.4k points

1 Answer

11 votes

Answer: 7596

Explanation:

3.8%x7=26.6%

6000x26.6%=1596

6000+1596=7596

User Apurva Mayank
by
7.7k points
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