ccsmoore4183 ccsmoore4183

25-08-2020
Mathematics

contestada

Jim works overtime to save $500 per month for a pickup truck. The savings account Jim uses earns him 5% interest, compounded monthly. In two years, Jim will have in savings. He will have earned in interest on his savings.

Respuesta :

kiara7652 kiara7652

25-08-2020

answer - the answer is 593 !

Answer Link

cw49540 cw49540

25-08-2020

Answer:

$1615

Step-by-step explanation:

500(1+.05/1)^24

500(1+.05)^24

500*1.05^24

500*3.23

1615

Answer Link

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