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Maya open a savings account that pays 3.5% annual interest compounded semiannually.If she deposited $2,000 into the account and made no other deposits or withdrawals, how much money did she have in the
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Dec 15, 2021
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Maya open a savings account that pays 3.5% annual interest compounded semiannually.If she deposited $2,000 into the account and made no other deposits or withdrawals, how much money did she have in the account after one year?
Mathematics
high-school
Ziik
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That would be $2,070 because 3.5% of 2000 is 70
Jonathan W
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Dec 21, 2021
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