Register
An account earns 4% yearly compound interest. If you put $1500 in the account, what is the ending balance after 5 years A. $300.00 B. $1824.98 C. $324.98 D. $1800.00
62.1k views
12 votes
An account earns 4% yearly compound interest. If you put $1500 in the account, what is the ending balance after 5 years

A. $300.00
B. $1824.98
C. $324.98
D. $1800.00

User Rune Vejen Petersen
by
8.1k points

2 Answers

6 votes
Yeah it’s b. Right answer
User Adelia
by
9.0k points
6 votes

b

1500(1+(.04/1))^(1(5))

= 1824.979..

An account earns 4% yearly compound interest. If you put $1500 in the account, what-example-1
User Ryan Culpepper
by
7.8k points
← Prev Question Next Question →

Related questions

User Natalia Davydova
asked Feb 7, 2023 228k views
Andrew pays $1824 per year in tuition. how much should he budget monthly for it?
Natalia Davydova asked Feb 7, 2023
by Natalia Davydova
7.4k points
1 answer
19 votes
228k views
User Ali Fidanli
asked Jun 18, 2024 121k views
5. Number of Total students, x cost, y 100 $1500 125 $1800 $2100 $2400 $2700 150 175 200
Ali Fidanli asked Jun 18, 2024
by Ali Fidanli
8.4k points
1 answer
3 votes
121k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!