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OpenStudy (anonymous):
plzzz help fan and medal award Laura decided to invest $100 into a bank account that yields 6.5 percent interest compounded annually. What will her account balance be after 10 years? A.$106.50 B.$165.00 C.$187.71 D.$191.55
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pooja195 (pooja195):
Balance = 100 x 1.065^10 = $187.71 which is option C.
OpenStudy (anonymous):
are you sure
OpenStudy (shane_b):
That's correct. The formula is:\[A=P(1+r)^n\]
pooja195 (pooja195):
yes i even showed the work
OpenStudy (anonymous):
thanks just wanted to make sure
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