$500 deposit over 20 years with an interest rate of 5%

Question

asked Aug 25, 2021 54.3k views

1 Answer

Booboo · Answer 1 · 2021-08-29T05:46:36+0000

Answer: $1,104

Step-by-step explanation:At the end of 20 years, your savings will have grown to $1,604.

You will have earned in $1,104 in interest.