121k views
0 votes
You deposit $4500 into a savings account for 3 years. How much interest do you earn if the savings account has a 5% interest rate?

User Pex
by
4.0k points

2 Answers

2 votes
i think that the correct answer will be $675
User PurplePolyhedron
by
4.3k points
3 votes

What interest rate do you need for a $5000 investment to double in 10 years? ... 3. How much money do you need to invest at 2 34 % in order to have $12,000 after 7 ... 5. How much interest will you earn in 8 years if you invest $7500 at 4 14 ... If you deposit $4000 into an account paying 9% annual interest compounded

i really hope this helps

if not...IM REALLY SORRY:(:<

User Voreny
by
4.2k points