VenOMin VenOMin

20-08-2019
Mathematics

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You invest 300$ at 4% intrest compounded every year what will your balance be after 5 years?

You invest 300 at 4 intrest compounded every year what will your balance be after 5 years class=

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musiclover10045 musiclover10045

20-08-2019

Using the given formula:

A = 300(1+0.04)^5

A = 300(1.04)^5

A = 364.995 = 365.00

The answer is D.

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