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SamiiBelle

Please help! Suppose you deposit $800 into a savings account that pays 4.1% annual interest. How much will you have in the account after 3 years if no money is added or withdrawn

  • one year ago
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  1. SGREBORN
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    939.4916078088 based on compounded interest

    • one year ago
  2. SamiiBelle
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    How did you get that answer?

    • one year ago
  3. themonkey
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    I got 1385.366 800/4.1=195.122 195.122=585.366 585.366+800=1385.366

    • one year ago
  4. SamiiBelle
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    Thanks so much!

    • one year ago
  5. themonkey
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    You're welcome

    • one year ago
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