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10 November, 11:52

Shay opened a new account and deposited $6000 annually

-the bank pays 5.5% interest compounded annually

-she makes no other deposits or withdrawals

Which amount is the closest to the amount of her account in 5 years

A-$7841.76

B-$7,650

C-$6,330

D-$6,155

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  1. 10 November, 11:54
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    Step-by-step explanation:

    amount = simple interest + money deposited

    SI = PRR/100

    SI = (6000*5+5.5) : 100

    = 165000:100

    =1650

    amount = 1560+6000=7650
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