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SamiiBelle

  • 3 years ago

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 How much will you have in the account after 3 years if no money is added or withdrawn

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  1. SGREBORN
    • 3 years ago
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    939.4916078088 based on compounded interest

  2. SamiiBelle
    • 3 years ago
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    How did you get that answer?

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

  4. SamiiBelle
    • 3 years ago
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    Thanks so much!

  5. themonkey
    • 3 years ago
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    You're welcome

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