Posted by leslie on Friday, August 19, 2011 at 2:25pm.
A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of the 10 years, how much money will be in the savings account?

Math  drwls, Friday, August 19, 2011 at 4:46pm
Multiply $500 by (1.05)^10.
If you don't have a calculator, go to Google.com and search
500*(1.05)^10 =

Math  Quita, Monday, August 20, 2012 at 9:06pm
i have the same question but is thier a way u can put it in a sequence

Math  Diane, Monday, October 15, 2012 at 11:38pm
How did you get 1.05 out of 5%? I thought 5% = 0.05
Answer This Question
Related Questions
 Math  a person deposited $500 in a savings account that pays 5% annual interest...
 math  37. A person deposited $500 in a savings account that pays 5% annual ...
 math  37. A person deposited $500 in a savings account that pays 5% annual ...
 math  a person deposited $500 in a savings account that pays 5% annual interest...
 geometry  A person deposits $500.00 into a savings account and pays 5% annual ...
 Math  Which sequence do I use to get the answer to this problem? Arithmetic or ...
 math  a person deposits five hundred dollars in a savings account that pays 5...
 Math  (a) Themba wants to deposit a sum of money into a savings account so that...
 math  Samantha opened a savings account and deposited some money into the ...
 Math  Can you please explain step by step on how to do each of these two ...
More Related Questions