document.write( "Question 357888: A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the eand of 10 years, how much money will be in the savings account? \n" ); document.write( "
Algebra.Com's Answer #255465 by mananth(16946)![]() ![]() You can put this solution on YOUR website! A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the eand of 10 years, how much money will be in the savings account? \n" ); document.write( "... \n" ); document.write( "a=p(1+r/n)^nt \n" ); document.write( "a=500*(1+0.05)^10 \n" ); document.write( "a= $814.4 \n" ); document.write( "... \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |