Helga invested $1000 at 5% interest, compounded annually. What is the total amount of interest that Helga will have earned by the end of the fourth year? Express your answer to the nearest dollar.

Respuesta :

1000(1+5divided 1000)^4 = 1215.5

Answer:

1215

Step-by-step explanation:

1000(1+5divided 1000)^4 = 1215.5

nearest dollar is 1216