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A sum of $1200 is invested at an interest rate of 4.25% per year.Find the amounts in the account after 3 years if interest is compounded annually,

A sum of $1200 is invested at an interest rate of 4.25% per year.Find the amounts in the account after 3 years if interest is compounded annually,
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10 votes
A sum of $1200 is invested at an interest rate of 4.25% per

year.Find the amounts in the account after 3 years if interest
is compounded annually,

User Yashar
by
8.4k points

1 Answer

3 votes

Answer:

$153

Explanation:

4.25 times 3 = 12.75 so its 12.75 percentage of 1200. Which is $153.

User NotAName
by
8.2k points
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