elliot opened a savings account and deposited 5000 00 as principal the account earns 4 interest compounded annually how mu
Question
Elliot opened a savings account and deposited $5000.00 as principal. The account earns 4% interest, compounded annually. How much interest will he earn after 5 years?
Round your answer to the nearest cent.
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Answer to a math question Elliot opened a savings account and deposited $5000.00 as principal. The account earns 4% interest, compounded annually. How much interest will he earn after 5 years?
Round your answer to the nearest cent.