$1326.91
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
635.24
661.56
at 16% interest 3 years three months at 28% interest 4 years 4 months
4.00 percent on 12000 = 4804% of 12000= 4% * 12000= 0.04 * 12000= 480
8 x 16 x 4 = 512
480
Interest each year is 275 × 4% = 275 × 4/100 = 11 → total interest over 4 years is 4 x 11 = 44 → total to repay after 4 years is 275 + 44 = 319
She will pay $1,924.02 in interest.
$1326.91
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
1,820-apex test answer
12000 = 1.2 * 104
It depends on whether the 4% interest is per annum or for 8 years altogether. Also, you have to see if it is a simple interest or compounded interest.
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79