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ExtremeBDS [4]
3 years ago
15

Maya has savings of $50,000. She invests in a bond mutual fund that pays 4% interest each year. Ignoring compounding, what are M

aya's total savings after 20 years? Ex: For $1,000 at 3% for 5 years, compute interest as $1,000 × 0.03 × 5 = $150, so the total savings becomes $1,000 + $150 = $1,150.
Mathematics
1 answer:
kobusy [5.1K]3 years ago
5 0
50,000 x 0.04 x 20=40,000
The total saving after 20 years 50,000+40,000=90,000$
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