math1977 math1977

08-02-2019
Mathematics

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If I put $300 in an account that earns 5.5% compounded yearly, how much will there be in the account at the end of 21 years

Respuesta :

makayla5938 makayla5938

09-02-2019

answer:

$646.50

work:

5.5% of 300 is 16.50

16.50×21 (how long it is in there)=346.50

346.50(how much you made in 21 years)+300(the amount already in)= $646.50

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