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Jayden starts with $1575 in a college savings account. His account earns interest at a rate of 2.7% compounded annually. How much money is in the account after 9 years?

Jayden starts with $1575 in a college savings account. His account earns interest at a rate of 2.7% compounded annually. How much money is in the account after 9 years?
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Jayden starts with $1575 in a college savings account. His account earns interest at a rate of 2.7% compounded annually. How much money is in the account after 9 years?

asked
User Kumod Singh
by
8.0k points

1 Answer

3 votes

Explanation:

2.7/100*1575=42.525

then for 9years

9*42.525=$382.725

answered
User Acubi
by
8.3k points
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