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You deposit $125.00 into a savings account that earns 5% annual interest compounded yearly. Find the balance in the account after 5 and 20 years

You deposit $125.00 into a savings account that earns 5% annual interest compounded yearly. Find the balance in the account after 5 and 20 years
asked 219k views
5 votes
You deposit $125.00 into a savings account that earns 5% annual interest compounded yearly. Find the balance in the account after 5 and 20 years

asked
User Nicbou
by
7.7k points

1 Answer

7 votes
$164.06 after 5years
answered
User Ashot Khachatryan
by
7.8k points
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