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3 years ago

14

Problem 2: Emilia opened a savings account and deposited $400.00 as principal. The account earns 5% interest, compounded annuall

y. What will be Emilia's balance after 6 years? I

1 answer:

ElenaW [278]3 years ago

5 0

Answer:

520 dollars

Step-by-step explanation:

5 percent of 400 is 20, over 6 years you multiply 20 by 6 giving you 120. 400 plus 120 is 520

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Formula

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