Question

if 1000 is invested in an account that pays 4% interest compounded annually, an expression that represents the amount in the account at end of three years can be given by which of the following equations?

Answer 1

am i correct ?? i must be 100% sure n_n

Answer 2

@ganeshie8 Mind reassuring me about this problem, im not sure if this is the answer?

Answer 3

@ParthKohli By any chance would you mind checking if i got this correct?

Answer 4

@iambatman would you mind if you can check if this problem is correct?

Answer 5

P(1 + rate of interest) ^t

Answer 6

mmmhhh

Answer 7

What is 4% in decimal?

Answer 8

.04

Answer 9

Yes, so that's the rate of interest

Answer 10

ohhh ok

Answer 11

Make sense? So your answer is...

Answer 12

oh is it A since in your equation you put 1+.04

Answer 13

Yup

Answer 14

ohhh then A it is n_n

Answer 15

THANK YOU

Answer 16

Yw