Question

You deposit $600 in an account earning 6% interest compounded annually. How much will you have in the account in 20 years?

Answer 1

Answer:

1320 will be in the account in 20 years.

Step-by-step explanation:

600 x 6%

600 x 6/100 = 36 interest annually .

20 x 36 = 720.

720 + 600 = 1320.