Register

Thomas his grandfather put $1000 in the bank for him when he was born. The account has been earning 5.25% interest compounded annually. Write an equation to see how much money h…

Thomas his grandfather put $1000 in the bank for him when he was born. The account has been earning 5.25% interest compounded annually. Write an equation to see how much money h…
asked 185k views
1 vote
Thomas his grandfather put $1000 in the bank for him when he was born. The account has been earning 5.25% interest compounded annually. Write an equation to see how much money he would have to after 18 years.

asked
User Graygilmore
by
8.0k points

1 Answer

6 votes
5.25% of 1000 is 52.5 x 18 = 945 of u needed to add them then it would come to a total of 1945
answered
User Romulo
by
8.0k 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
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!