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You deposit 1000 for 4 yearsat an interest rate of 2% if the interest is compounded annually how much money do you have after the four years?

You deposit 1000 for 4 yearsat an interest rate of 2% if the interest is compounded annually how much money do you have after the four years?
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you deposit 1000 for 4 yearsat an interest rate of 2% if the interest is compounded annually how much money do you have after the four years?

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User Neonstalwart
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1 Answer

3 votes

M= C(1+(in)) = 1000*(1+(0.02*4) = 1080

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User Thomas Lane
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