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Principal: $1000, annual interest rate: 4.8%, time: 2 yr

Principal: $1000, annual interest rate: 4.8%, time: 2 yr
asked 92.4k views
3 votes
Principal: $1000, annual interest rate: 4.8%, time: 2 yr

asked
User Kevin Marin
by
8.2k points

1 Answer

6 votes

Answer: $1096

Explanation:

$1000+$1000(0.048)(2)

answered
User Rob Tanzola
by
8.7k points
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