You deposit $500 in an account that pays 4% interest compounded yearly. What is the balance after 5 years? Simplify ALL of the way and round to the NEAREST whole number

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asked Sep 22, 2022 42.1k views

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You deposit $500 in an account that pays 4% interest compounded yearly. What is the balance after 5 years?

Simplify ALL of the way and round to the NEAREST whole number

Mathematics
high-school

Punit asked

by Punit

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1 Answer

3 votes

Answer:

$562.43

Explanation:

Iblazevic answered Sep 28, 2022

by Iblazevic

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