Question

2) Hank put $200 in the bank for 5 years with a 4% interest rate. How much

money was in the bank after 5 years? *

Answer 1

$243.33

Explanation:

the equation would be p(1+r%)^t so 200(1+4%)^5 equals to 243.33058048 and rounded to the nearest hundredth would be 243.33