If $1,000 is invested in an account that pays 4% interest compounded annually, an expression that represents the amount in the account at end of three years can be given by which of the following equations?

A. 1000+0.4^3
B. 1000(0.3)^3
C. 1000(1.04)^3 ...?

Let's see here... the answer is C just by using common sense. A doesn't make sense because you can't cube .4, as it is a percentage, and you wouldn't add that to 1000. B makes no sense because the percentage you are using is 4%, not 30%. Of course, just be sure to fact-check me there.

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If $1,000 is invested in an account that pays 4% interest compounded annually, an expression that represents the amount in the account at end of three years can be given by which of the following equations? A. 1000+0.4^3 B. 1000(0.3)^3 C. 1000(1.04)^3 ...?

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If $1,000 is invested in an account that pays 4% interest compounded annually, an expression that represents the amount in the account at end of three years can be given by which of the following equations?

A. 1000+0.4^3
B. 1000(0.3)^3
C. 1000(1.04)^3 ...?