55.5k views
1 vote
Find the total amount of money you will have after 4 years if you begin with $500 at an interest rate of 3%

User Palerdot
by
5.6k points

1 Answer

5 votes

Answer: total amount of money = Initial amount × rate × time in years

= 500 × 3 × 4 = 6000 dollars.

User Numanqmr
by
5.9k points