Ask Question
1 June, 09:42

You deposit $400 in a saving account with an annual rate of 4%. At this rate how much money will you have after 10 years?

+2
Answers (1)
  1. 1 June, 11:10
    0
    Use the equation y = A (1 + r) ^t

    A = original amount

    r = rate of interest

    t = time

    Plug in the numbers: y = 400 (1.04) ^10

    y = $592.10
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You deposit $400 in a saving account with an annual rate of 4%. At this rate how much money will you have after 10 years? ...” 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