Question

antenna deposit $450 into an account that pays 5% interest compounded annually she did not make any additional deposits or withdrawals which amount is closest to the value of the account at the end of 6 years A$603.04B$585.00C$463.67D$463.50

Answer 1

Compound interest formula is given as

`P=A(1+r)^n`

Where

P is the final amount

A is the initial amount

r is the rate in percent

n is the numb