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:
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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