Question

What is I=($200)(.04)(5 years)

Answer 1

4% per year answer 40

4% per month answer 480

Explanation:

(200)(.04) =8

8(5)

40

8(12)

96(5)

480

Depends on if it is 4% per month or per year please choose answer accordingly

Answer 2

40

Explanation:

200 x .04 = 8

8 x 5 = 40