You put $500 in an account that earns 4% annual interest. the interest earned each year is added to the principal to create a new principal. find the total amount in your account after each year for 3 years.

14. a family spends 1⁄10 of its annual income for housing, 1⁄4 for food and clothing, 1⁄5 for general expenses, and 2⁄15 for entertainment. what fractional part of their income is spent on these items altogether? a. 11⁄12 b. 41⁄60 c. 6⁄41 d. 1⁄7