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Omar deposits $300 in an account earning 3% interest compounded annually. How much will be in the account after 1 year if he makes no withdrawals?
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4 votes
Omar deposits $300 in an account earning 3% interest compounded annually. How much will be in the account after 1 year if he makes no withdrawals?

User Timothy Strimple
by
4.4k points

1 Answer

2 votes

Answer: 100 $

Explanation:

300 divided by 3 is 100

User Joctee
by
4.0k points
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