Register

Bob puts $500 into an account that pays 5% interestc ompounded anually. What is the balance after 5 years? a $525.25 b $625.00 c $526.72 d $638.14

Bob puts $500 into an account that pays 5% interestc ompounded anually. What is the balance after 5 years? a $525.25 b $625.00 c $526.72 d $638.14
asked 120k views
11 votes
Bob puts $500 into an account that pays 5% interestc ompounded anually. What is the balance after 5 years?

a
$525.25
b
$625.00
c
$526.72
d
$638.14

asked
User Khaloymes
by
8.0k points

2 Answers

6 votes
I believe it is B if 500x0.05 =25x5=125+500=625
answered
User Fawzan
by
8.5k points
7 votes

Answer:

b

Explanation:

answered
User Alex Krauss
by
9.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!