kaysavage8163 kaysavage8163

16-10-2019
Mathematics

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Damon's father started a college fund on Damon's 8th birthday. He deposited $7500 into a CD (certificate of credit) that yields at interest rate of 0.23% compounded annually. How much money will the CD be worth when Damon turns 18 years old?

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volleyball2388 volleyball2388

20-10-2019

Answer:

7672.50

Step-by-step explanation:

7500×0.23%=17.25

17.25×10=172.50

7500+172.50=7672.50

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