Question

Chris placed $7,400 in a savings account which compounds interest annually at a rate of 5.7%. How much will he have in the account after 4 years?

Answer 1

Answer:$9237.02

Explanation:

A = p(1+r/n)^nt

A = 7400 (1 + 0.057)^4

A = 7400(1.057)^4

A = 9237.02

Answer 2

Do not add the .02 at the end of this answer