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3. Julio deposited $3,000 in a savings account that pays 2.5% interest compounded annually. What is the total value of the account after 4 years? A $3,311.44 C $3,117.18 B $3,30…

3. Julio deposited $3,000 in a savings account that pays 2.5% interest compounded annually. What is the total value of the account after 4 years? A $3,311.44 C $3,117.18 B $3,30…
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3. Julio deposited $3,000 in a savings

account that pays 2.5% interest
compounded annually. What is the total
value of the account after 4 years?
A $3,311.44
C $3,117.18
B $3,300.00
D $3.075.00
I

User Aman Kumar Gupta
by
8.1k points

1 Answer

2 votes
2.5/100x3,000 =$3,300.00
User Samuel Adam
by
8.1k points
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