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?

Question

Mathematics

Foxy

13 April, 21:44

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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Jacoby Henson · Answer 1

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.