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8. Lucy deposited $1,000 into an account that earns 5% compound interest, compounded annually. How much interest will Lucy earn after 10 years?​

8. Lucy deposited $1,000 into an account that earns 5% compound interest, compounded annually. How much interest will Lucy earn after 10 years?​
asked 23.4k views
2 votes
8. Lucy deposited $1,000 into an account that earns 5% compound interest, compounded annually. How much interest will Lucy earn after 10 years?​

asked
User Wojtek Surowka
by
8.0k points

1 Answer

5 votes

Answer:

5 dollars

Explanation:

answered
User Ivan Pierre
by
7.8k points
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