Question

You deposit 700$ in an account with an annual internet rate of 4% after 5 years

Answer 1

Answer:

840

Step-by-step explanation:

Heres the easiest way to figure this out. You deposit $700 dollars into your account, correct? So, the annual interest rate is 4%. Take 700 dollars and multiply that by 4 percent. You get $28. So, EVERY. SINGLE. YEAR. you get 28$. So, multiply 28 by 5. Thats $140. Then, add 140 into 700, and you get 840.

Hope this helped!