Jayden starts with $1575 in a college savings account. His account earns interest at a rate of 2.7% compounded annually. How much money is in the account after 9 years?

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asked Mar 21, 2021 30.9k views

2 votes

Jayden starts with $1575 in a college savings account. His account earns interest at a rate of 2.7% compounded annually. How much money is in the account after 9 years?

Mathematics
high-school

Kumod Singh asked

by Kumod Singh

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Explanation:

2.7/100*1575=42.525

then for 9years

9*42.525=$382.725

Acubi answered Mar 28, 2021

by Acubi

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