What will your balance be on an investment of $1,000 at 4.% for 5 years compounded annually. 30 POINTS ANSWER

200

Step-by-step explanation:

because if you take 4 percent of 1000 you get 40 and 40 x 5 is 200

1 x=22.52

2: 65/39=604+39x

65x-39x=604

26x=604

x=604/26

×=23.23

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.