Kyona opened a savings account with $500. Her account grew at a rate of 3% per year compounded annually. She made no deposits or withdrawals on the account. At the end of 4 years, what was the account

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asked Mar 22, 2022 27.8k views

3 votes

Kyona opened a savings account with $500. Her account grew at a rate of 3% per year compounded

annually. She made no deposits or withdrawals on the account. At the end of 4 years, what was the
account worth, to the nearest dollar?

Mathematics
high-school

Danilo Lemes asked

by Danilo Lemes

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2 Answers

0 votes

Answer:

560 dollars

Explanation:

3%×4×500=60

60+500=560

Bilow answered Mar 24, 2022

by Bilow

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6 votes

Answer:

560.00

Explanation:

Andy Joyce answered Mar 26, 2022

by Andy Joyce

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