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 If no money is added or withdrawn from the account, answe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?

Answers

  1. 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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