asked 147k views
3 votes
Gene invested $400 at 4% interest compounded annually how much is in the account after 1 year?

asked
User Matkins
by
8.3k points

1 Answer

2 votes

Answer:

A = P(1 + r)^t

A = 400(1 + .04)^1

A = $416

Hope This Helps! Have A Nice Day!!

answered
User Jir
by
7.9k points

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