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Montano1993 [528]

3 years ago

7

Jim works overtime to save $500 per month for a pickup truck. The savings account Jim uses earns him 5% interest, compounded mon

thly. In two years, Jim will have in savings. He will have earned in interest on his savings.

2 answers:

Rama09 [41]3 years ago

8 0

Answer - the answer is 593 !

valentina_108 [34]3 years ago

4 0

Answer:

$1615

Step-by-step explanation:

500(1+.05/1)^24

500(1+.05)^24

500*1.05^24

500*3.23

1615

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