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suppose you deposit $3000 in a savings account that pays interest in a a rate of 4%. if no money is added or withdrawn from the account, how much will be in the account after ten years.

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brandon
4 answers

  1. I = PRT

    I = 3,000 * 0.04 * 10

    I = 1,200

    1,200 + 3,000 = ?

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    Ms. Sue

  2. These were the multiple choice answers given to me for this problem which don't seem to make sense because I keep getting $4200
    A. $3122.18
    B. $4994.50
    C. $4440.73
    D. $86776.40

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    Student

  3. The answer is C
    $4440.73

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    Lillie P.

  5. the required answer is:
    \$4440.73
    Recall the formula of the Compound Interest:
    A=P\left(1+\frac{r}{n}\right)^{nt}

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    aqib

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