Question

Brian invests 4900 in his bank account he receives 1.5% per year compound interest how much will Brian have after 4 years

Answer 1

Answer:

P=4900/-

r=1.5%

t=4

A=?

A=P×(1+r)^t

A=4900×(2.5)^4

A=4900×39.0625

A=49×3906.25

A=191,406.25