145k views
5 votes
Find the total amount of money accumulated for an initial investment of $300 at an annual rate of 6% compounded annually for 4

years.
(Notice from the wording that this is a question about compound interest, not simple interest.)
(Note: Include a dollar sign in your answer)
Amount:

User BellmanEqn
by
6.3k points

1 Answer

9 votes

Answer:

$378.74

.................

User TechnoIndifferent
by
6.8k points
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