Bryan invests $500 in an account earning 4% interest that compounds annually. if he makes no additional deposits or withdrawals, how much will be in the account: how much will be in the account after 25 years using simple interest?

As the question is not clear about the calculation needed, so i will calculate in both ways - compound interest and simple interest.

Given are:

Amount = $500

Rate of interest = 4% or 0.04

Time = 25

n = 1(compounded annually)

Formula for compound interest :

Putting values in the formula:

A=

=

= 500*2.665 = $ 1332.50

Hence, amount in the account after 25 years = 500+1332.50= $1832.50

Formula for simple interest:

S.I.=

=

Interest = 500

Hence, amount in the account after 25 years = 500+500 = $1000

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step-by-step explanation: lol

answer: '

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