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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 How much will you have in the account after 3 years if no money is added or withdrawn? A. $745 B. $680 C. $510 D. $630
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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 How much will you have in the account after 3 years if no money is added or withdrawn?

A. $745
B. $680
C. $510
D. $630

User Zarpio
by
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2 Answers

4 votes
F=p(1+rt),,,f=450(1+4.3%*3)=??
User Galdo
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7.9k points
6 votes
100% + 4.3% =104.3 450x1.043squared = 510 Therefore ans is 510
User Syad
by
7.2k points
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