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Jamal deposited $4,253 in a savings account earning 1% interest, compounded...
Mathematics, 02.06.2020 04:58 TaraC
Please help!
Jamal deposited $4,253 in a savings account earning 1% interest, compounded annually.
To the nearest cent, how much will he have in 4 years?
Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
Answers: 3
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