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Suppose you deposit $2000 in a savings account That pays interest an annual rate of 4%. If no money is added or withdrawn, determine how much should be in the account after 3 years
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Suppose you deposit $2000 in a savings account That pays interest an annual rate of 4%. If no money is added or withdrawn, determine how much should be in the account after 3 years

User Azhagusundaram Tamil
by
6.8k points

1 Answer

3 votes

Answer:

16666.6666667

Explanation:

2000/((4*3)/100)

2000/.12

16666.6666667

User Naga Mallesh Maddali
by
5.4k points
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