Pedro has $40,000 in a savings account .The interest rate is12% per year and is not compounded .How much will he have in total in 4years?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Nazaret asked Dec 13, 2023

370,890 views

8 votes

Pedro has $40,000 in a savings account .The interest rate is12% per year and is not compounded .How much will he have in total in 4years?

Mathematics
high-school

Nazaret asked Dec 13, 2023

by Nazaret

2.6k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

2 Answers

20 votes

Answer:

4800 is the interest of 4 years.

Chan Yoong Hon answered Dec 15, 2023

by Chan Yoong Hon

2.4k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

18 votes

Answer:

Explanation:

Elf Sternberg answered Dec 20, 2023

by Elf Sternberg

2.8k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

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

0 Comments

Your comment on this question:

Your answer

2 Answers

0 Comments

Your comment on this answer:

0 Comments

Your comment on this answer:

Other Questions