Question

Jameson puts $4,000 in graduation money in an account for 10 years. The interest rate is 4.2%. If he withdraws all of the money after 10 years, how much

does he take out?

Answer 1

2,320

Explanation:

4.2% gets taken every year and there is 10 year,so 4.2% s uqual to 0.042,so just mutiply 4000 by 0.042 which is 168,then times 168 by 10 which brings you to 1680 and 4000 subtracyed by 1680,which equals 2,320