John placed $5000 in an account that earns interest compounded annually. His interest rate is 8.2%. If John leaves his money in the account for 10 years, what is the balance of his account? Round your answer to the nearest dollar.
1 answer:
$9,100 I multiplied 5000 x .082 and got 410 then i multiplied 410 x 10 and got 4,100 then i added 5000 + 4100 to get $9,100.
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