SOLUTION: Find the simple interest and compound interest on $450 in 4 years at 4% per annum.

SOLUTION: Find the simple interest and compound interest on $450 in 4 years at 4% per annum.

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Question 928888: Find the simple interest and compound interest on $450 in 4 years at 4% per annum.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
simple Interest = 450(.04)4yr = $72
450(1.04)^4 - 450 = compound Interest = $76.44
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