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san4es73 [151]
3 years ago
13

What is the balance after one year on an investment of $20,000 earning 5.2% interest compounded annually? A. .052 B. 21,040 c. 2

0,000 D. 1040​
Mathematics
1 answer:
DENIUS [597]3 years ago
7 0

Answer:

1040

Step-by-step explanation:

P=$20000

T=1 year

R=5.2%

we know that ,

I=PTR/100

I=$20000*1*5.2/100

I=1040

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