Register

I plan on opening a savings account with $800 and leaving the money in the bank for 4 years. If the bank is going to pay me an interest rate of 5%, how much money will I have in…

I plan on opening a savings account with $800 and leaving the money in the bank for 4 years. If the bank is going to pay me an interest rate of 5%, how much money will I have in…
asked 118k views
3 votes
I plan on opening a savings account with $800 and leaving the money in the bank for 4 years. If the bank is going to pay me an interest rate of 5%, how much money will I have in the account at the end of 4 years?

asked
User Fetus
by
7.5k points

1 Answer

4 votes
The interest is 240$
answered
User Cargath
by
8.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!