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Please Help - Compound Interest

by lanitra
(Hyattsville)











































I need help with this: I did the math I just need help with the intreoduction, the body and the conclusion of the following:

A person deposited $500 in a savings account that pays 5% annual interest that is compound yearly. At the end of 10 years, how much money will be joining the savings account?
For each exercise, specify whether it involves an arithmetic sequence or a geometric sequence and use the proper formulas where applicable. Format your math work as shown in the Week One Assignment Guide and be concise in your reasoning. Plan the logic necessary to complete the exercise before you begin writing. For an example of the math required for this assignment, please review the Week One Assignment Guide.


• Your introduction should include three to five sentences of general information about the topic at hand.

• The body must contain a restatement of the problems and all math work, including the steps and formulas used to solve the problems.

• Your conclusion must comprise a summary of the problems and the reason you selected a particular method to solve them. It would also be appropriate to include a statement as to what you learned and how you will apply the knowledge gained in this exercise to real-world situations.

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Jun 20, 2011
Compound Interest
by: Staff

The question:

by LaNitra
(Hyattsville)


I need help with this: I did the math I just need help with the intreoduction, the body and the conclusion of the following:

A person deposited $500 in a savings account that pays 5% annual interest that is compound yearly. At the end of 10 years, how much money will be joining the savings account?

For each exercise, specify whether it involves an arithmetic sequence or a geometric sequence and use the proper formulas where applicable.

Format your math work as shown in the Week One Assignment Guide and be concise in your reasoning. Plan the logic necessary to complete the exercise before you begin writing. For an example of the math required for this assignment, please review the Week One Assignment Guide.


• Your introduction should include three to five sentences of general information about the topic at hand.

• The body must contain a restatement of the problems and all math work, including the steps and formulas used to solve the problems.

• Your conclusion must comprise a summary of the problems and the reason you selected a particular method to solve them. It would also be appropriate to include a statement as to what you learned and how you will apply the knowledge gained in this exercise to real-world situations.


The answer:



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