s2095932 s2095932

29-10-2021
Mathematics

contestada

April opened a savings account with a one-time deposit of $500. The savings account will earn 5% compound interest each year. How much interest will April’s initial deposit earn at the end of 3 years?

Use the following formula:

A equal P open parenthese 1 plus r close parenthese to the power of t

Respuesta :

cezirngast cezirngast

29-10-2021

Hope this helps!
The answer I’m pretty sure needs to be rounded to the nearest penny as it is money so
April will earn= 578.81 in interest after 3 years

My solution:

Ver imagen cezirngast

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