$35,000 at 4% for 5 years calculate the compound interest

$42582.852

Step-by-step explanation:

To calculate this you would first need to convert 4% into a decimal.

To do this you would divide 4 by 100, this gives you 0.04. Then you would add 0.04 to 1, This gives you 1.04. Then you would multiply 35000 by 1.04 to the power of how many years, in this case it is 5.

1) Convert 4% into a decimal.

2)Add 1 to 0.04.

3) Multiply 35000 by 1.04 to  the power of 5.

4) The compound interest is $42582.852

the answer is 15% decrease

2

step-by-step explanation: