Question

Kingston Federal Bank oversees all the banks in Jamaica. One Jamaican dollar is equal to 0.0071 US dollar. If Usain Bolt made one deposit of $3,000 at Kingston Federal Bank with a growth rate of 5%, how much money would Usain Bolt have after two years?

a. 2,707.50
b. 3,000.00
c. 3,150.00
d. 3,307.50

Answer 1

3,307.50

Explanation:

Answer 2

Explanation:

Its $3,307.50 because 3,000+5%= $3,150. But since it says “Usain bolt have after 2 YEARS“ You’ll have to take $3,150 and add it with 5% again to get $3,307.50.