Page 1 of 1

Jamilah and Alexis have $500 to invest. The bank offers an interest rate of 6% compounded annually. a) How much money wi

Posted: Sat Mar 19, 2022 5:51 pm
by answerhappygod
Jamilah and Alexis have $500 to invest. The bank offers an
interest rate of 6% compounded annually.
a) How much money will they have after 1 year?
b) How much money will they have after 5 years?