MathyMcMathster MathyMcMathster

24-05-2021
Mathematics

contestada

Plzzz help me!

Anthony invested $1000 in a savings account at 2% simple interest. He invested the money for 4 years.

What is the total amount Anthony will have at 4 years?

Respuesta :

madaw2683 madaw2683

24-05-2021

Answer:

80

Step-by-step explanation:

find 2 percent of 1000 and times it by 4 the amount of years

Answer Link

xiligxn xiligxn

24-05-2021

Answer:

$1082.43

Step-by-step explanation:

You use the interest formula.

P(1+r/n)^nt

Then plug it in

1000(1+.02)^4

Which comes out to 1082.43

Hope this helps

Brainliest would be appreciated

Answer Link

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