10,000 is placed in a savings account at 8% interest. What is the account worth in 50 years?

25,000 is placed in a savings account paying 5.75% in it needs to grow to 85,000. How many years will it take

$10,000 multiplied by .08 is $800

$800 times 50 years is $40,000 + the original amount of $10,000=50,000

25,000 is placed in a savings account paying 5.75% in it needs to grow to 85,000. How many years will it take?

$25,000 multiplied by .0575 is $14,375 earned each year.

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