Juan decided to start savings for college. He deposited $500 into an account which earns 4% simple annual interest. At the end of each year, he will add $250 to this account. How much will he have in his account after the end of three years? a
$550
b
$770
c
$1,050.80
d
$1,342.83

Answer

I am getting a different answer The reason being the first year we calculating the 4% of the initial amount of the $500 towards the end of the year if he deposits the 250 the second year he gets to have a 4% interest of the 750 in total If he deposits the 250 in the 3rd he gets to have a 4% of 1000 So if you actually calculate that and get the total of all the amount which is 1,000 plus the percentages of all that you get what I've shared

$5.41

step-by-step explanation:

$20 - $14.51 = $5.49.

i get you, what you should do is think of the positive things that would come out of it. it will make yours parents proud and raise your grade. you should always try and if you can't focus tell the teacher.