Question

An employee put $10,000 in a retirement

account that offers 4% interest
compounded annually.
The employee makes no additional deposits or
withdrawals. Which amount is closest to the interest
the employee will have earned at the end of 12 years?
A) $4,520.14
B) $5,200.36
C) $6,010.32
D) $2,340.18

Answer 1

I would say it’s B it’s makes the most sense overall and the others are just to small or to large to be correct