Register

Royell sold his shoes and put $1000 into a savings account with an interest rate of 5%. How much money will be in his account if he doesn't touch it after 7 years? A $20,00…

Royell sold his shoes and put $1000 into a savings account with an interest rate of 5%. How much money will be in his account if he doesn't touch it after 7 years? A $20,00…
asked 136k views
1 vote
Royell sold his shoes and put $1000 into a savings account with an interest rate of 5%. How much money will be in his account if he doesn't touch it after 7 years?

A $20,000
B $700
C $1,350
D $1,500​

asked
User Galia
by
7.3k points

1 Answer

4 votes

Answer:

C.

Explanation:

(1,000)(0.05)(7)

I = $350

1,000 + 350

=$1,350

answered
User Matheus Farias
by
8.1k points
← Prev Question Next Question →

No related questions found

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!