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A savings account accrues interest at a rate of 3.0% yearly. If someone opens an account with $2,500, how much money would the account have after 5 years? A. $2,575.00 B. $2,813…

A savings account accrues interest at a rate of 3.0% yearly. If someone opens an account with $2,500, how much money would the account have after 5 years? A. $2,575.00 B. $2,813…
asked 208k views
1 vote
A savings account accrues interest at a rate of 3.0% yearly. If someone opens an account with $2,500, how much money would the account have after 5 years?

A.
$2,575.00
B.
$2,813.77
C.
$2,898.19
D.
$2,985.13

asked
User Malek
by
7.7k points

2 Answers

4 votes

Answer:

$2,898.00

Explanation:

FV=2500(1.03)^5

FV=2500(1.159274)

FV=$2,898.00

answered
User Svetlozar Angelov
by
8.0k points
4 votes
It’s either b of i I think if not I hope you pass
answered
User ConorLuddy
by
7.4k points
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