If a person invests $260 at 4% annual interest, find the approximate value of the investment at the end of 5 years

$312.

Step-by-step explanation:

We have been given that a person invests $260 at 4% annual interest. We are asked to find the approximate value of the investment at the end of 5 years.

We will use simple interest formula to solve our given problem.

, where,

A = Amount after t years,

P = principal amount,

r = Annual interest rate in decimal form,

t = Time in years,

Therefore, the approximate value of the investment at the end of 5 years will be $312.

$450.00 for 6 weeks

or

$300

step-by-step explanation:

$200.00 for first week $50.00 x5 equals $250 plus $200 equals $450.00 for six weeks.

$200 for first week

$200 x 0.10 = $20

$20 x 5 = $100

$200 + $100 = $300