Ruben puts $40,600 in an account that earns 0.9% interest compounded annually. If he leaves his investment in the account how much will be in his account after 10 years?

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asked Feb 3, 2021 124k views

4 votes

Ruben puts $40,600 in an account that earns 0.9% interest compounded annually. If

he leaves his investment in the account how much will be in his account after 10
years?

Mathematics
college

Sharon asked

by Sharon

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1 Answer

6 votes

Answer:

$a = 40600(1 + (0.009)/(1) ) {}^(10) = 40600 * 1.0937 = 44405.6$

Alex Ngo answered Feb 9, 2021

by Alex Ngo

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