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Year ago Suppose you deposit $450 into a savings account that pays 4.3% annual interest. How much will you have in the account after 3 years if no money is added or withdrawn

Year ago Suppose you deposit $450 into a savings account that pays 4.3% annual interest. How much will you have in the account after 3 years if no money is added or withdrawn
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4 votes
year ago Suppose you deposit $450 into a savings account that pays 4.3% annual interest. How much will you have in the account after 3 years if no money is added or withdrawn

User JohnZaj
by
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1 Answer

1 vote
A=p(1+r)^t
A=450×(1.043)^(4)
A=532.53
Note:time=4 because year ago
User Rohan Saxena
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