Dan deposits $2,500 in an account that earns an interest rate of 4% compounded annually. What is the balance in the account at the end of 10 years? A) $2,800.45 B) $3,112.85 Eliminate C) $3,700.61 D) $3,935.58

Question

Mathematics

Miah Wang

5 November, 12:37

Dan deposits $2,500 in an account that earns an interest rate of 4% compounded annually. What is the balance in the account at the end of 10 years? A) $2,800.45 B) $3,112.85 Eliminate C) $3,700.61 D) $3,935.58

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Answers (1)

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Jazmie · Answer 1

C) 3,700.67

Step-by-step explanation:

2500*4/100=100$ per year.

100*10=1000

2500+1000=3500$ (this is my answer)

I almost found this. The closest is 3,700,67

Good lessons! Brainliest me.