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I plan on opening a savings account with $800 and leaving it in the account for 4 years. If the bank is going to pay me an interest rate of 5%, how much money will I have in the…

I plan on opening a savings account with $800 and leaving it in the account for 4 years. If the bank is going to pay me an interest rate of 5%, how much money will I have in the…
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4 votes
I plan on opening a savings account with $800 and leaving it in the account for 4 years. If the bank is going to pay me an interest rate of 5%, how much money will I have in the account at the end of 4 years?

A. $2,400
B. $1,600
C. $960
D. $160

User Lennart
by
8.1k points

2 Answers

9 votes

Answer:

A

Explanation:

Good Luck

User Manuel Batsching
by
9.2k points
8 votes

Answer:

A

Explanation:

because yes

User Iskuskov Alexander
by
9.4k points
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