Ask Question
11 January, 15:22

Chris placed $7,400 in a savings account which compounds interest annually at a rate of 5.7%. How much will he have in the account after 4 years?

+4
Answers (1)
  1. 11 January, 19:00
    0
    Answer:$9237.02

    Step-by-step explanation:

    A = p (1+r/n) ^nt

    A = 7400 (1 + 0.057) ^4

    A = 7400 (1.057) ^4

    A = 9237.02
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Chris placed $7,400 in a savings account which compounds interest annually at a rate of 5.7%. How much will he have in the account after 4 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers