How much money will you have after depositing $4000 in a bank account that compounds yearly at a rate of 2.4% after 6 years?

what? ?

what type of question is thiss

step-by-step explanation:

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500

step-by-step explanation:

answerim :

n

step-by-step explanation:

im not sure but my dad knows