Question

If 10,500 is deposited in a compound interest account paying 2.99% interest annually, how much will be in the account after 5 years? Round your answer to the nearest cent.
Quality work shown and correct answer will be awarded brainliest.

Answer 1

Hello,

Your brainliest answer would be:

10.500 ----- 100% x ----2,99% ---- x = (2,99*10500)/100 = 313,95 this mony will get annually so what will be for 5 years 313,95*5=1569,75 - and you need assuming 10500 with 1569,75 for you get the right answer 10500 + 1569,75 = 12069,75 - so than will have after 5 years on account 12069,75 money

Plz mark me brainliest!

Hope this helps!