Tiana has $70 in an account. The interest rate is 5% compounded annually. To the nearest cent, how much will she have in 1 year?

asked May 11, 2023 29.0k views

25 votes

Tiana has $70 in an account. The interest rate is 5% compounded annually.

To the nearest cent, how much will she have in 1 year?

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6 votes

Answer: $73.5

Explanation:

Mario Parra answered May 12, 2023

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2 votes

Answer:

$73.5

Explanation:

*1.05 interest every year

so all you have to do is 70*1.05=73.5

Karega answered May 16, 2023

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