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If you deposit $300 in an account with a 6% yearly interest rate, how much will be in your account after 2 year?

If you deposit $300 in an account with a 6% yearly interest rate, how much will be in your account after 2 year?
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2 votes
If you deposit $300 in an account with a 6% yearly interest rate, how much will be in your account after 2 year?

User Sergey Smelov
by
9.5k points

1 Answer

2 votes

Answer:

337.08

Explanation:

The formula is : y = 300 x [(100+6)/100]^2 = 337.08

User Shamel
by
7.6k points
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