Mr. and Mrs. Steele, deposited $8,000 to open a college savings account for their granddaughter on the day she was born. The acc

Question

2 years ago

12

Mr. and Mrs. Steele, deposited $8,000 to open a college savings account for their granddaughter on the day she was born. The acc

ount pays 5% simple interest annually. If they made no other deposits or withdrawals since then, how much money would be in the account after 18 years?

Mathematics

1 answer:

Vitek1552 [10] · Answer 1 · 2022-05-27T07:25:46+03:00

Vitek1552 [10]2 years ago

6 0

Answer:

see my explantion!!

Step-by-step explanation:

8000*0.05=400

400*18=7200$