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11 Megan has $500 in her savings account. The interest rate is 7%, which is not compounded. How much money in dollars) will she have in her account after 5 years? Write the correct answer.
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11 Megan has $500 in her savings account. The interest rate is 7%, which is not compounded. How much money in dollars) will she have in her account after 5 years? Write the correct

answer.

User Saurabh Prajapati
by
8.4k points

1 Answer

0 votes

Answer:

701

Explanation:

At the end of 5 years, your savings will have grown to $701.

You will have earned in $201 in interest.

answer.

User Thi Gg
by
7.9k points
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