ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Braden is a personal trainer and deposits $5, 000 from his earnings into a savings account that earns 6% annual compound interest. He won’t make any additional deposits or withdrawals for 7 years.
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Ashley says Braden should expect to earn $2, 518.15 in interest.
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Hannah says he should expect to earn $7, 518.15 in interest.
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Either A or B
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None of the above
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Explanation:
There is 1 question to complete.