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28 June, 20:42

Ms. Sky deposits $4,400 into a new account at chase. If the interese rate is 6% how much will be in her account after 4 years

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  1. 28 June, 21:48
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    5,554.90

    Step-by-step explanation:

    6% of 4,400 is 264

    264+4,400=4,664 (1 year)

    6% of 4,664 is 279.84

    279.84+4,664=4943.84 (2 years)

    6% of 4943.84 is 296.6304

    296.6304+4943.84=5240.4704 (3 years)

    6% of 5240.4704 is 314.428224

    314.428224 + 5240.4704 = 5554.898624 (4 years)

    rounded = 5,554.90
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