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Jimmy invests $500 in an account with a 3% interest rate, making no other deposits or withdrawals. What will Jimmy’s account balance be after 10 years if the interest is compounded 2 times each year?
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2 votes
Jimmy invests $500 in an account with a 3% interest rate, making no other deposits or withdrawals. What will Jimmy’s account balance be after 10 years if the interest is compounded 2 times each year?

User Evgeny Karpov
by
5.5k points

2 Answers

3 votes

Answer:

150000

Explanation:

i think

User Lakshmanan
by
5.0k points
5 votes

Answer:

$673.43

Explanation:

User Vacawama
by
5.4k points
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