Brody deposited $500 into an account that earns 4.2% interest compounded annually. He makes no additional deposits and no withdrawals. How much interest will the account have earned after 7 years? A $167

asked Oct 23, 2022 158k views

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The answer is A $ 167

I=pr^t-p
I=500(104.2/100)^7-500
I=500(1.042^7-1)
I=$167.00 to nearest dollar

Tyler S answered Oct 29, 2022

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