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Brad deposited $4,000 into a savings account that earn 4% compound interest. How much interest did he earn after three years?

Brad deposited $4,000 into a savings account that earn 4% compound interest. How much interest did he earn after three years?
asked 73.5k views
4 votes
Brad deposited $4,000 into a savings account that earn 4% compound interest. How much interest did he earn after three years?

asked
User Dr Fred
by
7.1k points

1 Answer

4 votes

Answer:

5512

Explanation:

4900x1.04=5096

5096x1.04=5300

5300x1.04=5512

answered
User FAISAL
by
8.8k points
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