Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 3% on the balance, compounded semiannually.

Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 3% on the balance, compounded semiannually. How much will she have after one year if her initial deposit was $400?

$529.00
$412.17
$2,500.00
$412.09

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Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 3% on the balance, …

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