Question

HURRY IM TIMED!!!!! How much would Kelly have in her account after three years if she started with $200 and earns 2 percent, compounding annually?

$212.24

$12.24

$200.00

$400.00

Answer 1

212.24

Explanation:

the answer is 212.24

Answer 2

$212.24

Explanation:

Start: $200

After 1 year: $200 * 1.02 = $204

After 2 years: $204 * 1.02 = 208.08

After 3 years: $208.08 * 1.02 = $212.24

Answer: $212.24