shfrlc6802 shfrlc6802

17-05-2021
Mathematics

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You deposit $600 in an account earning 6% interest compounded annually. How much will you have in the account in 20 years?

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fuwaelizabeth fuwaelizabeth

17-05-2021

Answer:

1320 will be in the account in 20 years.

Step-by-step explanation:

600 x 6%

600 x 6/100 = 36 interest annually .

20 x 36 = 720.

720 + 600 = 1320.

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