$325 is borrowed from a bank that charges 4% interest compounded annually. how much is owed after 1year ,3 years, 7 years & 20 years?

338 (1 Year)

365.58 (3 Years)

427.68 (7 Years)

712.12 (20 Years)

Step-by-step explanation:

To find the compounded annual value, we use the formula:

Let's first take each variable and list them:

P = 325

r = 4% or 0.04

t = 1, 3, 7, 20

n = 1

Let's take each number of years one at a time.

After 1 Year

After 3 Years

After 7 Years

After 20 years

answer: hey there,

the answer you are looking for is a..

hope this you!

10/60

step-by-step explanation:

if you divide 10 by 60 the answer is 0.166666 while if you divide or solve the other problems it equals 0.6