Question

Mia deposits 500$ into a savings account. The table below represents the amount of money in her savings account over time. How much money will she have after 6 years?

Answer 1

The answer is D, $885.78

Explanation:

If you use the calculator, then you can see that the money increases by 0.1% each year. For example, if you do 550*0.1 you get 55. add that to the 550 and you get 605, the second year's amount. If you keep doing this, when you get to year 6, you get 885.7805, or in money, $885.78! That's a lot of money!!! Hope this helps!