Question

If the APY of savings account is 4.7% and if the principal in the savings account is $4500 for an entire year what will the balance of the savings account after all the interest is paid for the year?

Answer 1

Total = 4,500 * (1.047)^1
Total = 4,711.50

Answer 2

Answer:

$4711.50

Step-by-step explanation:

Apex