Question

15. Beth opens a savings account with $400. The account earns 6% interest. What will her account

value be in 5 years?

Answer 1

535.29

Explanation:

If you multiply 400 by 1.06 five times, you get 535.29.

400*1.06=424

424*1.06=449.44

449.44*1.06=476.4

476.4*1.06=504.99

504.99*1.06=535.29

Hope that this helps!