An initial amount of 800$ is invested in compound saving accounts with an annual rate 4.5%. What is the balance in 5years

Question

Mathematics

Everett Oconnell

21 June, 18:04

An initial amount of 800$ is invested in compound saving accounts with an annual rate 4.5%. What is the balance in 5years

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Jeremy · Answer 1

1 year 800

8=1%

4.5% = 36

2 year 836

8.36=1%

4.5%=37.62

3 year 873.62

1% = 8.73

4.5%=39.28

4 year 912.89

1%.=9.12

4.5%=41.04

5 year 953.93