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If the APY of a savings account is 3.2%, and if the principal in the savings account was $2400 for an entire year, what will the balance of the savings account be after all the …

If the APY of a savings account is 3.2%, and if the principal in the savings account was $2400 for an entire year, what will the balance of the savings account be after all the …
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4 votes
If the APY of a savings account is 3.2%, and if the principal in the savings account was $2400 for an entire year, what will the balance of the savings account be after all the interest is paid for the year?

asked
User TTCC
by
7.6k points

2 Answers

4 votes

Answer:

2476.80

Explanation:

answered
User Jonathan Chen
by
7.8k points
2 votes
$2400.00+3.2%= $2476.80
answered
User Matthew Rasa
by
8.6k points
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