Karen deposited $8500 in a college savings account for her grandson. the account earns an annual simple interest rate of 6.5%. how much money will she have at the end of ten yea…

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asked Oct 28, 2017 141k views

1 Answer

Barungi Stephen · Answer 1 · 2017-11-03T20:34:53+0000

8500 x 6.5 x 10 + 8500 =
8500 x 6.5 + 8500 =
8500 x 6.5/100 + 8500 =
8500 x 13/20 + 8500 =
110500/20 + 8500 =
5525 + 8500 =
14025