micaiahjones06 micaiahjones06

26-02-2020
Mathematics

contestada

Marie has $3,000 in a savings account that earns 4% interest, compounded annually.

To the nearest cent, how much will she have in 2 years?

Respuesta :

26-02-2020

Step-by-step explanation:

formula starting value X interest to the power of no of years is the new money

so 3000*1.04² is 3244.8

so it is $3245

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