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beks73
[17]
3 years ago
7
George put his birthday paycheck of $150 in an account that earned 9.5% annual interest compounded weekly. How much was in his a
ccount after 7 years?
Mathematics
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1
answer:
timofeeve
[1]
3 years ago
4
0
I believe George will have 249.75 dollars.
If he earns 9.5% annually, you would have to multiple .095 which is 9.5% by 150 to get 14.25. Once you have that you need to multiply it by 7 for the 7 years that it’s in the account to get 99.75, next add that to 150 to get the answer
150 x .095 = 14.25
14.25 x 7 = 99.75
99.75 + 150 = 249.75
Hope it’s helpful:/
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