mortensenallis mortensenallis

15-05-2016
Mathematics

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If $75 is put in an account that gets 6% and I add $20 at the end of each year, how much will there be in the account at the end of 10 years?

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Alphabette Alphabette

15-05-2016

I'm 80% sure 10 years of 6% interest from 75 dollars is 45 dollars.

If you want the interest from the one with the 20,
20 x 10 = 200, so just add that to 75,
And $165 is the interest from that one.

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