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Paul deposits $5000 in a bank which pays a compound interest rate of 5% per year. How much will he have in 4 years.

Paul deposits $5000 in a bank which pays a compound interest rate of 5% per year. How much will he have in 4 years.
asked 230k views
5 votes
Paul deposits $5000 in a bank which pays a compound interest rate of 5% per

year. How much will he have in 4 years.

asked
User AruLNadhaN
by
7.7k points

1 Answer

4 votes

Answer:

$4866.61

Explanation:

answered
User Grieve
by
9.2k points
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