Question

Will medal if right. Multiple Choice: Please select the best answer and click "submit."

A principal of $400 is invested in an account at 6% per year compounded annually. What is the total amount of money in the account after 5 years?

A. $535.29
B. $531.37
C. $520.00
D. $526.00

Answer 1

no idea @iGreen might be able to help

Answer 2

okay

Answer 3

j-bird

Answer 4

@J-bird

Answer 5

also try @greenlegodude57

Answer 6

i know it

Answer 7

o,o

Answer 8

6% is added every year for 5 years.

6% of 400 = 24

Year 1 = 424

6% of 424 = 25.44

Year 2 = 449.44

6% of 449.44 = 26.97

Year 3 = 476.41

6% of 476.41 = 28.58

Year 4 = 504.99

6% of 504.99 = 30.3

Year 5 = 535.29

Answer 9

6% is added every year for 5 years.

6% of 400 = 24

Year 1 = 424

6% of 424 = 25.44

Year 2 = 449.44

6% of 449.44 = 26.97

Year 3 = 476.41

6% of 476.41 = 28.58

Year 4 = 504.99

6% of 504.99 = 30.3

Year 5 = 535.29 oh wait u did it to

Answer 10

lol

Answer 11

i think its A