Register
Nathan inherited $100,000 from a wealthy uncle and invested the money in an account that earns 4% interest compounded annually. How much interest will this money earn if Nathan leaves it in the account
451,286 views
29 votes
29 votes
Nathan inherited $100,000 from a wealthy uncle and invested the money in an account that earns 4% interest compounded annually.

How much interest will this money earn if Nathan leaves it in the account for 10 years?

User Ariando
by
2.9k points

1 Answer

19 votes
19 votes
40,000 is how much he’ll earn from the investment
User Gordon McCreight
by
3.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

Can anybody tell me what’s going on here?
Granola costs $1.76 per pound. Write and solve an equation to determine the number of pounds p of granola that can be purchased with $7.04. The equation is: The value of x is
Evalute 8a -1+0.5b when a =1/4 and b= 10 how dose this work i need help..
PLZ needed now plz URGENT!
HELP PLEASE, I NEED THE ANSWER QUICKLY
Link Copied!