jnew5159 jnew5159

21-09-2020
Mathematics

contestada

Ruth invests $10,000 in an account that earns 2.85% compounded quarterly. How much money will she have in that account after 30 years?

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SoccerMe996 SoccerMe996

21-09-2020

Answer:

18,550

Step-by-step explanation:

x/10,000 = 2.85/100

Cross multiply

100x = 28500

Simplify

x=285

Multiply by 30

285 x 30 = 8,550

Add to Original Investment

28,550

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