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Royell sold his shoes and put $1000 into a savings account with an interest rate of 5%. How much money will be in his account if he doesn't touch it after 7 years? A $20,000 B $700 C $1,350 D $1,500​
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Royell sold his shoes and put $1000 into a savings account with an interest rate of 5%. How much money will be in his account if he doesn't touch it after 7 years?

A $20,000
B $700
C $1,350
D $1,500​

User Galia
by
4.4k points

1 Answer

4 votes

Answer:

C.

Explanation:

(1,000)(0.05)(7)

I = $350

1,000 + 350

=$1,350

User Matheus Farias
by
5.4k points
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