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Shella puts $16.00 in a bank account that gains 25% interest annually. How much interest will be accumulated in a year? If Shella makes no withdrawals, how much money will be in…

Shella puts $16.00 in a bank account that gains 25% interest annually. How much interest will be accumulated in a year? If Shella makes no withdrawals, how much money will be in…
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5 votes
Shella puts $16.00 in a bank account that gains 25% interest annually.

How much interest will be accumulated in a year?
If Shella makes no withdrawals, how much money will be in the account after a year?

User Natesh Bhat
by
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2 Answers

3 votes
20$ after a year of 25% APT
User Alexander Berndt
by
8.2k points
4 votes
$20 After a year of 25% APY
User Kuanb
by
8.2k points
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