strawberry12 strawberry12
  • 28-10-2016
  • Mathematics
contestada

Please help me on this and explain

Please help me on this and explain class=

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Dinobot999 Dinobot999
  • 28-10-2016
so you stick 5000 in the bank and leave it for 4 years. that bank gives you 6% interest each year. so each year you get 6% of your balance given to you by your bank. so year 1 is 5000, year 2 is 5300, year 3 is 5618 and year 4 is 5955.08.
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