Answer:
answer is $1920
Step-by-step explanation:
first of all u shoul find interest.so,
I=PTR/100
=$1600*5*4/100
=$32000/100
=$320
so interest is $3200.now,
Amount(A)=P+I
=$1600+$320
=$1920
so the total amount the person receives after 5 years at the rate of 4% is $1920.
Hope it helps u!!
