182k views
23 votes
What will your balance be on an investment of $1,000 at 4.% for 5 years compounded annually.

30 POINTS ANSWER

1 Answer

5 votes

Answer:

200

Explanation:

because if you take 4 percent of 1000 you get 40 and 40 x 5 is 200

User Petranaya
by
6.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.