vivianrmz2017 vivianrmz2017

16-05-2020
Mathematics

contestada

Simon deposits $400 in an account that pays 3% Interest compounded
annually. What is the balance of Simon's account at the end of 2 years?

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ronhagrid310 ronhagrid310

16-05-2020

Answer:

The balance of Simon's account at the end of 2 years:

400 x (1 + 3/100)^2 = 424.36 dollar

Hope this helps!

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lindalooloo301262 lindalooloo301262

06-11-2020

Answer:

The person above me is correct!

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