Question

9/3

Answer 1

Answer:

$960

Step-by-step explanation:

Given data

Principal=$800

rate= 4%

time= 5years

Applying the compound interest expression we have]

A=P(1+rt)

substitute

A=800(1+0.04*5)

A=800(1+0.2)

A=800*1.2

A=$960