Monday

September 22, 2014

September 22, 2014

Posted by **Anonymous** on Monday, December 5, 2011 at 9:15pm.

- GEOMETRY ??? -
**Reiny**, Monday, December 5, 2011 at 10:46pmWhy would he pay interest on money that is in his own savings account?

Did you mean he "earns" interest ?

I will assume that is what you meant.

Amount = 500(1.05)^10 = 814.45

**Answer this Question**

**Related Questions**

math - a person deposits five hundred dollars in a savings account that pays 5...

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 - 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 - a person deposited $500 in a savings account that pays 5% annual interest...

Math - Which sequence do I use to get the answer to this problem? Arithmetic or ...

Finite Math and Applied Calculus - Betty Sue sets up a retirement account. For ...

Calc - A person deposits money into a retirement account, which pays 7% interest...

annuities..math - Anne Thorne deposits $100 at the end of each month into her ...