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HELP!!!!!! Suppose that I have $50 in a bank account with 6% interest compounded every year. how much money will I have in my account after 3 years? (round answer to the nearest…

HELP!!!!!! Suppose that I have $50 in a bank account with 6% interest compounded every year. how much money will I have in my account after 3 years? (round answer to the nearest…
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HELP!!!!!!

Suppose that I have $50 in a bank account with 6% interest compounded every year.

how much money will I have in my account after 3 years?


(round answer to the nearest cent)

User Sergei Kuraksin
by
8.5k points

1 Answer

5 votes

Answer:

$74.91

Explanation:

Interest compounds on itself each year

User Jamie Birch
by
8.0k points
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