Question

Bob puts $500 into an account that pays 5% interestc ompounded anually. What is the balance after 5 years?

a
$525.25
b
$625.00
c
$526.72
d
$638.14

Answer 1

Answer:

b

Step-by-step explanation:

Answer 2

I believe it is B if 500x0.05 =25x5=125+500=625