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6. (10 points) Dr. Grossnickle put $2000 into a high interest savings account that has an annual interest rate of 3.5%. If the interest is compounded monthly, how much money wil…

6. (10 points) Dr. Grossnickle put $2000 into a high interest savings account that has an annual interest rate of 3.5%. If the interest is compounded monthly, how much money wil…
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6. (10 points) Dr. Grossnickle put $2000 into a high interest savings account that has an

annual interest rate of 3.5%. If the interest is compounded monthly, how much money will
be in the account after 3 years?

User KiritoLyn
by
8.6k points

1 Answer

7 votes

Answer:

B(t)= 300*1.03^t

Explanation:

User Bernardo Marques
by
8.5k points
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