Math, asked by sarkargranthana, 1 day ago

You deposit $400 in an account that earns 5% interest compounded annually (once per year). What is the balance in your account after 4 years?

plz answer this.

Answers

Answered by HEARTLESSBANDI

1

Step-by-step explanation:

Simple interest

400(.05)(2) = $40

compound

400(1.05)^2

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