My Learning Cart
?
Categories
Account

What is the total amount after 4 years if $1000 is invested at a compound intere

₹0.0
Login to Download
  • 📥 Instant PDF Download
  • ♾ Lifetime Access
  • 🛡 Secure & Original Content

What’s inside this PDF?

Question: What is the total amount after 4 years if $1000 is invested at a compound interest rate of 8% per annum?

Options:

  1. $1366.08
  2. $1200.00
  3. $1400.00
  4. $1500.00

Correct Answer: $1366.08

Solution: 

Amount = P(1 + r)^n = 1000(1 + 0.08)^4 = 1000(1.36049) = $1366.08.

What is the total amount after 4 years if $1000 is invested at a compound intere

Practice Questions

Q1
What is the total amount after 4 years if $1000 is invested at a compound interest rate of 8% per annum?
  1. $1366.08
  2. $1200.00
  3. $1400.00
  4. $1500.00

Questions & Step-by-Step Solutions

What is the total amount after 4 years if $1000 is invested at a compound interest rate of 8% per annum?
No concepts available.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely
Home Practice Performance eBooks