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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
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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​

User Rmoore
by
4.5k points

1 Answer

3 votes

Answer:

5953.28

Explanation:

4000 X 1.2^5=9953.28

9953.28-4000=5953.28

User StefanB
by
3.8k points
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