Register
Brad deposited $4,000 into a savings account that earn 4% compound interest. How much interest did he earn after three years?
73.5k views
4 votes
Brad deposited $4,000 into a savings account that earn 4% compound interest. How much interest did he earn after three years?

User Dr Fred
by
5.7k points

1 Answer

4 votes

Answer:

5512

Explanation:

4900x1.04=5096

5096x1.04=5300

5300x1.04=5512

User FAISAL
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.3m questions

9.8m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
Link Copied!