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Lucy invested $19,000 in an account paying an interest rate of 3% compounded annually. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account
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Mar 13, 2022
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Lucy invested $19,000 in an account paying an interest rate of 3% compounded annually. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 8 years?
Mathematics
high-school
BillRizer
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Answer:
23560
Explanation:
3% of 19k is 570
570*8=4560
4560+19000=23560
Nyree
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Mar 17, 2022
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Nyree
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