At what rate will 750 amount to 1500 in 4 years
Answers
Answer:
Brainiest me
Step-by-step explanation:
Your money makes money when deposited in an interest-bearing account.
This is because of compounding, where your principal earns interest - and then, over time, it earns interest on both the principal and the interest that has been deposited to your account.
How much money you can earn due to compounding depends on...
... how long you leave your funds untouched on deposit
... how often interest is compounded
... and the interest rate being offered on your account.
To make the most of your money, search for the best savings account rates and be selective about how frequently interest is compounded. Interest may be compounded on a daily, monthly, or annual basis.
If you are unsure about how often your account or bank compounds interest, ask a bank customer service representative or check your account-disclosure documents.