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23-09-2021
Mathematics

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What is the balance after one year on an investment of $20,000 earning 5.2% interest compounded annually? A. .052 B. 21,040 c. 20,000 D. 1040

Respuesta :

abhishekdhital2006 abhishekdhital2006

23-09-2021

Answer:

1040

Step-by-step explanation:

P=$20000

T=1 year

R=5.2%

we know that ,

I=PTR/100

I=$20000*1*5.2/100

I=1040

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