Answer:
A. Five
Step-by-step explanation:
SI
$1 000 × 4 % × 10 = $400
CI
($1 000 × 1.04 ^10) - $1 000 = $1 480.24 - $1 000 = $480.24
Interest on interest only applies to Compound Interest.
Excluding year 1, which yields $40 [the same as SI] the interest on interest yields $480.24 - $40 = $440.24
<em>-</em><em> </em><em>BRAINLIEST</em><em> answerer</em>
I think its the second one but just a fyi the site your on is ready and it looks like your doing the major test, not every answer on it are you suppose to get right its a test to see what you know and what you need to know
