johnearl28 johnearl28
  • 13-05-2017
  • Mathematics
contestada

Sara opens a bank account with $200. The account accrues 2% interest compounded annually.How much money, to the nearest cent, will she have in her account at the end of 3 years? (Use the formula A=P(1+rn)nt , where P = initial amount of money, r = interest rate, t = the number of years, and n = number of times the interest is compounded per year

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lisee7 lisee7
  • 13-05-2017
A= 200(1+.02)(1)3
A= $612
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