Assume that on 1 January 2011 you deposit $1000 into a savings account that pays 8% p.a.If the bank compounds interest annually,how much will you have in your account on 1 January 2014?
A)$1292.43
B)$1357.61
C)$1259.71
D)$1439.16

Question

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The Answer of Assume that on 1 January 2011 you deposit $1000 into a savings account that pays 8% p.a.If the bank compounds interest annually,how much will you have in your account on 1 January 2014?
A)$1292.43
B)$1357.61
C)$1259.71
D)$1439.16

Assume That on 1 January 2011 You Deposit $1000 into a Savings