Ask Question
17 September, 20:04

You deposit $300 into a savings account that pays 4% interest compounded annually. How much interest will you earn after 5 years?

Question 4 options:

$65

$60

$360

$365

+1
Answers (1)
  1. 17 September, 23:59
    0
    365

    Step-by-step explanation:

    300X1.04^5=364.995871
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You deposit $300 into a savings account that pays 4% interest compounded annually. How much interest will you earn after 5 years? Question ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers