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Laura decided to invest $100 into a bank account that yields 6.5 percent interest compounded annually. What will her account balance be after 10 years?

Laura decided to invest $100 into a bank account that yields 6.5 percent interest compounded annually. What will her account balance be after 10 years?
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4 votes
Laura decided to invest $100 into a bank account that yields 6.5 percent interest compounded annually. What will her account balance be after 10 years?

asked
User Guilherme Rodrigues
by
7.3k points

2 Answers

2 votes
Balance = 100 x 1.065^10 = $187.71 which is option C.$187.71
answered
User Jmtalarn
by
7.7k points
1 vote
$187.71
hope this helps out

answered
User Valem
by
7.8k points
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