Answered

IDNLearn.com offers a seamless experience for finding and sharing knowledge. Get accurate and timely answers to your queries from our extensive network of experienced professionals.

aundreys mother has decided to start a college savings account for him. aundrey is about to start kindergarten, and she decides to deposit $1000 in to an account with a 1.3% annual interest rate. How much will be in the account when aundrey starts 4th grade (4 years later) if she makes no deposits or withdrawals and the interest is compounded annually?

a) $27,984.10
b) $1,630.47
c) $1,053.02
d) $949.01

Sagot :

Mathewteruel2idn

Answer:

C

Step-by-step explanation:

1.3% of 1000 is 13, 13 X 4 ≈ 53

We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Thank you for trusting IDNLearn.com with your questions. Visit us again for clear, concise, and accurate answers.