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Peter puts $300.00 into an account to use for school expenses. The account earns 8% interest, compounded annually. How much will be in the account after 10 years?

Peter puts $300.00 into an account to use for school expenses. The account earns 8% interest, compounded annually. How much will be in the account after 10 years?
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5 votes
Peter puts $300.00 into an account to use for school expenses. The account earns 8%

interest, compounded annually. How much will be in the account after 10 years?

asked
User Bishwarup Das
by
7.6k points

1 Answer

2 votes
The account will have $540 in 10 years
answered
User Rashidcmb
by
9.3k points
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