# Math

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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 -

Multiply \$500 by (1.05)^10.

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500*(1.05)^10 =

• Math -

i have the same question but is thier a way u can put it in a sequence

• Math -

How did you get 1.05 out of 5%? I thought 5% = 0.05

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