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You invest $20 000 in a building society account, which pays 4% interest each year. If the interest is added to the account at the end of each year. What is the value of the account after 2 years?​
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4 votes
You invest $20 000 in a building society account, which pays 4% interest each year. If the interest is added to the account at the end of each year. What is the value of the account after 2 years?​

User Glen Low
by
8.4k points

1 Answer

4 votes

Answer:

21632

Explanation:

20000×1.04=20800

20800×1.04=21632

User Nick Snyder
by
8.6k points
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