Question

I will privetely give 50 point to anyone who solves this correctly

Ms. White invests
$
2000
in a savings plan. The savings account pays an annual interest rate of
5.75
%
on the amount she puts in at the end of each year. How much will be in her savings plan at the end of
10
years?

Answer 1

$3498.11 at the end of 10 years.

Explanation:

2000 + 0.0575*2000*10 = 3150 dollars at the end of 10 years.