$800 is deposited in an account that pays 9% annual interest compounded annually. find the balance after four years

Step-by-step explanation:

Compounded interest formula is

Where is the final amount, is the principal, is the anual interest in decimal, is the numer of compounded periods in one year and is the time in years.

Notice that , because the interest is compounded anually, if the interest is compounded, then , because there would be 12 compound periods in one year.

Then, we replace all these vaules in the formula

Therefore, after 4 years, the amount would be $1,129.27.

i think the correct option is the second option.