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 If no money is added or withdrawn from the accou

Question

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 If no money is added or withdrawn from the account, answe
a. How much will be in the account after 4 years?
b. How much will be in the account after 16 years?
c. How many years will it take for the account to contain $1,500?
d. How many years will it take for the account to contain $2,000?

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Nguyệt Ánh 3 years 2021-07-22T22:33:05+00:00 1 Answers 4 views 0

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  1. minhkhue
    0
    2021-07-22T22:34:51+00:00
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    Answer:A.1160 B.1640

    Step-by-step explanation:

    4 percent of 1000 is 40 40*4= 160 160+1000 =1160

    Same for b but with 16 sorry I can’t awe the second part right now my tracker is about to die but I wanted to give you the answer to what I could. Hope this helps!

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