Bertha deposited $1000 into a retirement account when she was 18. How much will Bertha have in this account after 50 years at a yearly simple interest rate of 7.5%?
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Answered by
0
Answer:
2075 .
1000÷18 × 7.5% = 55.120%
55.120 × 2075 = Do by urself
Answered by
2
Step-by-step explanation:
BERTHA DEPOSITED =$1000 AT THE AGE OF 18
WHAT WILL SHE HAVE AT THE AGE OF 50
SO 50 -18 = 32
WE HAVE TO FIND AMOUNT OF 32 YEARS
SO WE HAVE TO FIND WHAT IS 7.5 PERCENT OF $1000
SO 1000×7.5 /100 = $75 DOLLAR PER YEAR
SO 75 ×32 = $ 2,400
TOTAL = $1000 + 2,400
= $12,400 SHE WILL HAVE AT THE AGE OF 50
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