Garrison deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, what will be the ending balance of his account after 4 years? *

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asked Feb 19, 2021 128k views

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Garrison deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, what will be the ending balance of his account after 4 years? *

Mathematics
college

Delcypher asked

by Delcypher

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$90

3% $500= $15
$15 times 6yrs = $90

RichyHBM answered Feb 24, 2021

by RichyHBM

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