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2 years ago

If you were paid $952 today, and you invested it at a 5% interest rate, how much would you have a year from now?

Business

1 answer:

myrzilka [38]2 years ago

3 0

Answer:

Depends on if its simple or compund bu since your investing to earn, ill estimate they want the compound answer which is 999.60 which can be rounded to $1000. If they want it rounded, its $1000 if they dont, it's none of the above

Explanation:

A=P(1+r)t

A=952(1+0.05)1

A=952(1.05)1

A=952(1.05)

A=952x1.05

A=999.60 which can be rounded to 1000

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