asked 164k views
2 votes
Brody deposited $500 into an account that earns 4.2% interest compounded annually. He makes no additional deposits and no withdrawals. Approximately how much interest will the account have earned after 7 years? A $167 B $420 C $542 D $665 I think the answer is D. But can someone tell me how to check my answer with work. I don't want to use a calculator.

asked
User KaMZaTa
by
8.4k points

1 Answer

5 votes
the total interest will be $167

answered
User Sam Denty
by
7.8k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.