mparso2008 mparso2008

05-12-2020
Mathematics

contestada

Please help me A.S.A.P.

Cheryl deposits 7.500 into the bank. She cannot withdraw or deposit any money for 6 years. She earns 6% interest during that time.

a. How much interest will she have earned at the of 6 years?

b. What will her new balance be when she is finally able to withdraw her money?

Respuesta :

05-12-2020

Answer: a. 450

b. 7950

Step-by-step explanation:

If Cheryl earns 6% interest during the 6 years she will have

(7500*6)/100=450

450 is the interest that she received

her new balance will be

7500+450=7950

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