Aprincipal of $400 is invested in an account at 6% per year compounded annually. what is the total amount of money in the account after 5 years? a. $526.00 b. $531.37 c. $535.29 d. $520.00

To find the outcome of compounded money, we use the following formula:


In this formula:
e represents the outcome
b represents the money at the beginning
i represents the interest rate
n represents the number of years.

Filling in this formula, we get:



Therefore the answer is C. $535.29

143 75 107 13 the answer

The correct answer is addition