Solved

If $10,000 Is Deposited in a Savings Account That Pays

Question 4

Multiple Choice

If $10,000 is deposited in a savings account that pays 5% annual interest and all of the interest is left in the account, what is the account balance after 7 years?


A) $10,500
B) $10,700
C) $14,025
D) $14,071

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions