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Mark deposited $750 in a savings account earning 3% interest over 9 years. What was the total interest earned after 9 years?

Mark deposited $750 in a savings account earning 3% interest over 9 years. What was the total interest earned after 9 years?
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Mark deposited $750 in a savings account earning 3% interest over 9 years. What was the total interest earned after 9 years?

User Ben Sagmoe
by
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1 Answer

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Answer: The final balance is $982.47.

The total compound interest is $232.47.

Explanation:

User Enamul Haque
by
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