Question

3. I opened a compound interest account with $300 at 2%. How much money will be in the

account at the end of 18 months?

Answer 1

Yes I agree with the friend who said $408.

300 x 2% = 6
and 6 x 18 mos. = 108
300+108=408

The answer is $408

Answer 2

there will be 408$ at the end of 18 months

Explanation:

2% of 300 is 6 and 6 x 18 = 108. 108 + 300 = 408