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Pre-Algebra
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OpenStudy (anonymous):
Alexis received an inheritance of $50,000 10 years ago that she invested for her college fund. She deposited the money in an account thtat earned 6.5% interest, compounded annually. I am not sure of my answer of $32,500.
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OpenStudy (anonymous):
What is the question?
OpenStudy (wolf1728):
Total = Principal*(1+rate)^years Total = 50,000 * (1.065)^10 Total = 93,856.87
OpenStudy (anonymous):
If the question is the total Annual Interest, Your answer is right. =)
OpenStudy (wolf1728):
Do you mean I'm right or kbear
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