Question 920012
Simple or Compounded Interest?
compounded Interest
 In General {{{A(t) = P(1+r/n)^(nt)}}}
A = Accumulated Amount
P= principal = 
r= annual rate = .04
n= periods per year = 1
t= years =

{{{A(t) =100(1.04)^(10)}}} = $148.02