The Jules Server Scholarship Fund gives a graduation award of
$250.00 to a graduating senior at North End High School. Currently the
fund has a balance of $8300.00 in an account that pays 2.2% interest
compounded annually. Will the amount earned in annual interest be enough
to pay for the award?

Question

07-10-2022
Mathematics

Answered

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The Jules Server Scholarship Fund gives a graduation award of
$250.00 to a graduating senior at North End High School. Currently the
fund has a balance of $8300.00 in an account that pays 2.2% interest
compounded annually. Will the amount earned in annual interest be enough
to pay for the award?

Sagot :

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