SOLUTION: Jenny invested $300 in an account where her money doubles every 7 years. How much money will be in her account at the end of 35 years?
Algebra.Com
Question 713396: Jenny invested $300 in an account where her money doubles every 7 years. How much money will be in her account at the end of 35 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=300(1.10)^35
FV=300*28.1
FV=$8,430.00
RELATED QUESTIONS
joe invested $5000 in an account that pays 8% annual interest compounded quarterly. how... (answered by ewatrrr)
Carla has $1000.00 in her bank account. Each year, she receives 50% interest on the total (answered by stanbon)
Please Help: Jules plans to put her graduation money into an account and leave it there... (answered by ikleyn)
Please help, can't seem to find a solution:
Jules plans to put her graduation money into (answered by ikleyn)
Jenny invested $2,000 at an interest rate of 5%. The amount of money, ma, in Jenny’s... (answered by solve_for_x)
if $ 10,000 is invested in an account at 3% annual interest compounded quaterly, how much (answered by lwsshak3)
how much money will there be in an account at the end of 9 years is $7000 is deposited at (answered by rfer)
how much money will there be in an account at the end of 10 years if $16,000 is deposited (answered by ewatrrr)
how much money will there be in an account at the end of 7 years of 11000 is deposited at (answered by Alan3354)