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A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of the 10 years, how much money will be in the savings account?

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4 answers
  1. Multiply $500 by (1.05)^10.

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    500*(1.05)^10 =

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  2. i have the same question but is thier a way u can put it in a sequence

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  3. How did you get 1.05 out of 5%? I thought 5% = 0.05

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  4. nn i guess im the first one to say something in 2022 from yall in 2012

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