ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jayden earned $475 from mowing lawns last summer. He deposited this money in an account that earn 3.8% interest compounded annually. What will be his account balance after 15 years?
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$356.10
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$831.10
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$270.75
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$745.75
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Explanation:
Detailed explanation-1: -Now Compound interest = A-P ⇒ Compound interest = Rs. 15972-Rs. 12000 = Rs. 3972.
Detailed explanation-2: -=15625×(100104)3=17576 Rs. Was this answer helpful?
Detailed explanation-3: -= 4, 058. Was this answer helpful?
Detailed explanation-4: -15625×2825×2825×2825= Rs. 21952C.
There is 1 question to complete.