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Kyle put $3,000 in a savings account with an interest rate of 7%. If the interest is compounded annually, how much money will he have at the end of four years? A. $4,032.39 B. $4,207.66 C. $3,675.13 D.
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Kyle put $3,000 in a savings account with an interest rate of 7%. If the interest is compounded annually, how much money will he have at the end of four years?

A.
$4,032.39
B.
$4,207.66
C.
$3,675.13
D.
$3,932.39

User Alou
by
8.5k points

1 Answer

1 vote
At the end of four years he would earn $840 dollars.
Hope I helped!
User Alessandro Suglia
by
8.9k points
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