tioluwalasearowolo1 tioluwalasearowolo1
  • 18-12-2021
  • Mathematics
contestada

on Sam's first birthday celebration, his grandfather deposited an amount of $1,000.00 in a bank compounded at 4% interest annually. find how much is in the account if sam is 4 years old

Respuesta :

alexvargas71407
alexvargas71407 alexvargas71407
  • 18-12-2021

Answer:

1000*4%=$40 a year in interest

40*4=160 times # of years

160+1000=1160 interest+ deposit

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