Question

Justin 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?

Answer 1

$3,311.44

Explanation:

If there is no annual contribution, there would be a total of $3,311.44 after 4 years. The total intrest would be $311.44

(Here, for explination, I checked my work.)

Answer 2

0.1



Hope this helps!