22-01-2021
Mathematics

contestada

4.
$10,000 is invested in an account paying 7.5% annual interest.
What is the balance in this account at the end of five years?
F.
$13,472.40
H.
$10,380.67
G.
$164,130.86
J.
$14,356.29

Respuesta :

bexwhite2610 bexwhite2610

23-01-2021

Answer:

100 + 7.5 = 107.5

107.5/100 = 1.075

100000 X 1.075^5 = 14356.29326171875

round to 2 dp =

$14356.29

answer J

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