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Determine the amount of an investment if $ 1500 is invested at an interest rate of 4% compounded annually for 4 years,​

Determine the amount of an investment if $ 1500 is invested at an interest rate of 4% compounded annually for 4 years,​
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2 votes
Determine the amount of an investment if $ 1500 is invested at an interest rate of 4% compounded annually for 4 years,​

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User Arne Vogel
by
8.4k points

2 Answers

4 votes
240 is the answer 4% of 1500 is 60 60x4=240 240 is the answer
answered
User Cristian Almstrand
by
8.0k points
4 votes

Answer:

Sorry i dont know but thanks for The points

Explanation:

answered
User Lukehillonline
by
8.3k points
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