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Lori deposited $480 into a savings account. She earns 5.5% interest each year. What will be her new balance new balance after the first year?

Lori deposited $480 into a savings account. She earns 5.5% interest each year. What will be her new balance new balance after the first year?
asked 224k views
4 votes
Lori deposited $480 into a savings account. She earns 5.5% interest each year. What will be her new balance new balance after the first year?

asked
User SSS
by
8.4k points

2 Answers

6 votes

Answer:

-8.23

Explanation:

i did the quiz lol

answered
User MisterSeajay
by
7.8k points
0 votes
$264 is the annual interest therefore $744 is the balance in year 1
answered
User Manne W
by
8.7k points
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