Solutions to Chapter 1 - San Francisco State University

After 10 years, your account has grown to: $1,000 ( (1.04)10 = $1,480.24. Interest earned in tenth year = $1,480.24 ( $1,423.31 = $56.93. If you earned simple interest (without compounding), then the total growth in your account after 25 years would be: 4% per year … ................
................

In order to avoid copyright disputes, this page is only a partial summary.