Modules Daily Challenge Dashboard
📅 2026-03-16

Daily Math Challenge

📚 Money ⭐ Hard 🎓 Grade 6-8
You invest $500 at 4% annual interest, compounded annually. How much will you have after 2 years?
Answer
$540.8

📝 Step-by-Step Solution

1
Year 1: $500 × 1.04 = $520
2
Year 2: $520 × 1.04 = $540.80
💡 Helpful Hints
• Calculate first year
• Use Year 1 result for Year 2 calculation
• Compound means you earn interest on interest