Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

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 :

mathewteruel2

Answer:

C

Step-by-step explanation:

1.3% of 1000 is 13, 13 X 4 ≈ 53

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.