Rajeev deposits $800 in a savings account earning interest at a rate of 4% compounded annually. How much is in his account after

Question

rodikova [14]

3 years ago

14

Rajeev deposits $800 in a savings account earning interest at a rate of 4% compounded annually. How much is in his account after

five years?

Mathematics

1 answer:

AfilCa [17] · Answer 1 · 2022-05-13T17:05:12+03:00

AfilCa [17]3 years ago

3 0

Answer:

960

Step-by-step explanation:

We know that 4 percent of 800 dollar is 32 dollar. So 32 time 5 (because it ask us how much after 5 year) is 160. Now we add it to 800 because it ask the total in his account so it 960.