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Sure to show all work. 1. You invest $1,000 with an interest rate of 4% annually (annually means once each year). How much interest will you earn after one year? interest

Sure to show all work. 1. You invest $1,000 with an interest rate of 4% annually (annually means once each year). How much interest will you earn after one year? interest
asked 131k views
4 votes
Sure to show all work.

1. You invest $1,000 with an interest rate of 4% annually (annually means once each year). How much
interest will you earn after one year?
interest

asked
User Jithin Iyyani
by
7.6k points

1 Answer

3 votes

Answer:

$1040

Step-by-step explanation:

1%=$10

10x4=40

1000+40=1040

answered
User Aked
by
8.7k points
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