kyleescott5709 kyleescott5709

24-03-2021
Mathematics

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You deposit $1600 in a bank account that pays 5% annually how much is in the bank account after 25 years round to the nearest hundredth

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lilithk505 lilithk505

24-03-2021

Answer:

5418.17

Step-by-step explanation:

1) 1600(1+.05)^25

2) 1600(1.05)^25

3) 1600(3.3863549408993848167083336666837)

4) 5,418.167905439015706733333866694

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