Question

sam deposits 10000 into a savings account that earns 4.25% interest compounded annually. What will be the total amount in the account

Answer 1

With the compound interest calculator, you can accurately predict how profitable ... The total compound interest is $3,926.8. ... Note that in the case where you make a deposit into a bank (e.g., put money in your savings account), you have, ... You invest $10,000 for 10 years at the annual interest rate of 5%.

Explanation: