+0  
 
0
590
1
avatar

Lydia deposits $300 into an account that earns 3% interest, and is compounded annually. Calculate the amount in the account after 4 years (Round your answer to the nearest cent) Balance=Principal x(1+interest rate)^time

 May 15, 2019
 #1
avatar+128079 
+1

300 ( 1 + .03)^4  = $337.65

 

 

cool cool cool

 May 15, 2019

1 Online Users