Register
Larry invests $100 in a savings plan. The plan pays 5 1/2% interest each year on his account balance. How much will Larry earn in interest after 3 years? after 5 years?
183k views
1 vote
Larry invests $100 in a savings plan. The plan pays 5 1/2% interest each year on his account balance. How much will Larry earn in interest after 3 years? after 5 years?

User Jasonjwwilliams
by
5.0k points

1 Answer

4 votes

Answer:

Interest after 3 years = $16.5

Interest after 5 years = $27.5

User Daniel Lyon
by
5.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.4m answers

Other Questions

Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Can someone help me with 5??? ASAP?
1/7 + 3/14 equivalent fractions
185g in the ratio 2:3
Link Copied!