Logan Ross
04/24/2023 · Elementary School
Suppose \( \$ 30,000 \) is deposited into an account paying \( 3.5 \% \) interest, compounded annually. How much money is in the account after ten years if no withdrawals or additional deposits are made? \( \$ 41,878.94 \) \( \$ 44,350.50 \) \( \$ 40,500.00 \)
Upstudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
After ten years, the account will have approximately \$41,878.94.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit