Question

Jeffrey and Marie just had a baby and want to invest money into a bank account to save money for their newborn. The bank account they are looking into yields 6.8% interest each year. If Jeffrey and Marie invest $500, how much money will be in the account when their child's turns 18 years old​

Answer 1

$1,112

Explanation:

6.8% x 500= 34

34 x 18 = 612

612 + 500 = 1112