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If the APY of a savings account is 3.2%, and if the principal in the savings account was $2400 for an entire year, what will the balance of the savings account be after all the interest is paid for the
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If the APY of a savings account is 3.2%, and if the principal in the savings account was $2400 for an entire year, what will the balance of the savings account be after all the interest is paid for the year?A. $2400

B. $2406.24

C. $2600

D. $2476.80

User SamBeran
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2 Answers

5 votes

Answer:

The answer is $2476.80 Apex

Explanation:

User Sreeram
by
6.1k points
4 votes
the correct answer is C. $2476.80
User Paperhorse
by
6.7k points
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