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NEED HELP ASAP Nyla invested $200 in an account with a 0.75% annual interest rate. She made no deposits or withdrawals on the account for 3 years. If interest was compounded annually, what is the balance
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1 vote
NEED HELP ASAP

Nyla invested $200 in an account with a 0.75% annual interest rate.
She made no deposits or withdrawals on the account for 3 years. If
interest was compounded annually, what is the balance in her bank
account at the end of 3 years?

User Selvarajmas
by
5.0k points

1 Answer

1 vote

Answer:

$50

Explanation:

$200-0.75%=50

0.75%=150

User Eduardo Aguad
by
5.2k points
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