Question

An initial amount of 800$ is invested in compound saving accounts with an annual rate 4.5%. What is the balance in 5years

Answer 1

1 year 800
8=1%
4.5%= 36
2 year 836
8.36=1%
4.5%=37.62
3 year 873.62
1%= 8.73
4.5%=39.28
4 year 912.89
1%.=9.12
4.5%=41.04
5 year 953.93