Ask Question
10 November, 10:57

Robert won $900,000 in the North Carolina State Lottery. After paying 350,000 in taxes, he invested the remaining money in a savings account with 4.25% interest rate. How much money is in the account if Robert makes no deposits or withdrawals for two years?

+1
Answers (1)
  1. 10 November, 11:07
    0
    I = P R T

    I = 550,000 (.0425) (2)

    I = $ 46,750

    $550,000 + $46,50 = $ 596,750
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Robert won $900,000 in the North Carolina State Lottery. After paying 350,000 in taxes, he invested the remaining money in a savings ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers