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Solve the Problem $4779\$ 4779 After 11 Years, What Will the Amount of Interest

Question 25

Multiple Choice

Solve the problem. Round to the nearest cent.
-Barry Newman's savings account has a balance of $4779\$ 4779 . After 11 years, what will the amount of interest be at 4%4 \% compounded annually?


A) $2569.05\$ 2569.05
B) $1911.60\$ 1911.60
C) $2583.05\$ 2583.05
D) $2578.05\$ 2578.05

Correct Answer:

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