225k views
4 votes
A bank is offering 7% annual compound interest on a savings account. If you deposit $1,500, what will be the total amount of money in your savings account after three years?

Answers:
$337.56
$31,5000.00
$1,837.56
$3000.00

User Danack
by
7.7k points

1 Answer

3 votes
1,837.56 is the answer!
User Gbaccetta
by
8.0k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories