Question

2

Stock in a hugely successful high-tech
company is compounded at a rate of 20% per
year. How much interest would a $4,000
investment in the company earn in 5 years?
F
$3,125.00
G
$10,613.19
H
$9,953.28
$5,953.28​

Answer 1

5953.28

Explanation:

4000 X 1.2^5=9953.28

9953.28-4000=5953.28