iluminatioffial3803 iluminatioffial3803

07-12-2021
Mathematics

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Carl placed $2,600 in a savings account that compounds interest annually at a rate of 0.5%. How much will he have in the account after 7 years

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clarch19 clarch19

07-12-2021

Answer:

$2,691

Step-by-step explanation:

Interest (I) = Principal x Rate x Time

Total Amount (A) = Interest + Principal

I = 2600(.005)(7)

I = 91

A = 2600 + 91

A = 2691

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