josephjones65 josephjones65
  • 17-01-2021
  • Mathematics
contestada

Helga invested $1000 at 5% interest, compounded annually. What is the total amount of interest that Helga will have earned by the end of the fourth year? Express your answer to the nearest dollar.

Respuesta :

rasha0mohd rasha0mohd
  • 17-01-2021
1000(1+5divided 1000)^4 = 1215.5
Answer Link
54321acpokemon 54321acpokemon
  • 23-01-2021

Answer:

1215

Step-by-step explanation:

1000(1+5divided 1000)^4 = 1215.5

nearest dollar is 1216

Answer Link

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