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koalarules6
koalarules6 koalarules6
  • 05-01-2017
  • Mathematics
Answered

4000 dollars is placed in an account with an annual interest rate of 5.25%. How much will be in the account after 17 years, to the nearest cent?

Verified Answer :

indiabunny
indiabunny indiabunny
  • 05-01-2017

5.25% of 4000 is 210, multiplied by 17 is 3570, plus the initial 4000 comes to $7570.00

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