Question

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?

Answer 1

560 dollars

Explanation:

3%×4×500=60

60+500=560

Answer 2

560.00

Explanation: