Question

If I put $150 in an account that earns 7% compounded yearly, how much will there be in the account at the end of 30 years?

Answer 1

Answer:

465$

Step-by-step explanation:

150/100=1.5

1.5*7=10.5

so, 10.5$ for year

10.5*30=315

315+150=465

in the end 465 $ in the bank