Register
Suppose you deposit $1,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions a. How much will be in the
97.5k views
4 votes
Suppose you deposit $1,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions

a. How much will be in the account after 4 years?

User Wu
by
7.3k points

1 Answer

3 votes

Answer:4% per year is 40 dollars times 4 years is 160 dollars added to the thousand you started with gives you 1160 dollars.

Explanation:

User Donnie
by
6.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.3m questions

10.9m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!