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If my bank offers 4.6% APR monthly, and I deposit $400 into this account and leave it there, how much will I have at the end of three years?

If my bank offers 4.6% APR monthly, and I deposit $400 into this account and leave it there, how much will I have at the end of three years?
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2 votes
If my bank offers 4.6% APR monthly, and I deposit $400 into this account and leave it there, how much will I have at the end of three years?

User Angloos
by
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1 Answer

2 votes

SOLUTION

We wiant to find the amount after 3 years. We will make use of the formula


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User Verne
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8.1k points
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