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Rianna opens a savings account with $900.Her account earns interest at a rate of 1.3% compounded annually. How much money is in the account after 4 years?
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Rianna opens a savings account with $900.Her account earns interest at a rate of 1.3% compounded annually. How much money is in the account after 4 years?

Rianna opens a savings account with $900.Her account earns interest at a rate of 1.3% compounded-example-1
User Stoyan Milev
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The equation for this would be Interest= Principal(rate)time

I=900(.013)4

I=46.8

Now you add it back to 900 because it ask how much are in the back account

$946.8
User David Herrero
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