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Tucker invested $3500 at 2% interest compounded annually. How much interest will he earn in 3 years? A.$70.00 B.$210.00 C.$214.23 D.$3714.23

Tucker invested $3500 at 2% interest compounded annually. How much interest will he earn in 3 years? A.$70.00 B.$210.00 C.$214.23 D.$3714.23
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Tucker invested $3500 at 2% interest compounded annually.

How much interest will he earn in 3 years?

A.$70.00

B.$210.00

C.$214.23

D.$3714.23

User Zeitounator
by
8.0k points

1 Answer

4 votes
The answer is B you take $3500.00 x 2%= $70.00 in one year, take $70.00 x 3 because it is 3 years, the answer is $210.00
User Gondil
by
7.7k points
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