Ask Question
30 October, 08:48

Your parents put $500 into an account paying 7 percent interest for you when you were ten. ten years later they tell you that you can take the money out of the account. what is the balance to the nearest penny?

+3
Answers (2)
  1. 30 October, 08:55
    0
    The answer is $983.58
  2. 30 October, 09:10
    0
    A=500 * (1+0.07) ^ (10)

    A=983.58
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Your parents put $500 into an account paying 7 percent interest for you when you were ten. ten years later they tell you that you can take ...” 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