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  • 14-07-2022
  • Mathematics
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Question 16 of 50
Jayden received a bonus check from his work for $6,000. He is going to deposit the money into a bank account that receives 5% compounded annually.
The amount of interest earned after year 5 is:
O $7,657
O $8,421
O $7,300

Respuesta :

111dreamgirl222 111dreamgirl222
  • 14-07-2022
Equation:

y=6,000(1.05)^5

Answer:
7657
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