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Shane deposits $500 in an account that earns 7.4% interest compounded annually. What is the balance in the account after 3 years

Shane deposits $500 in an account that earns 7.4% interest compounded annually. What is the balance in the account after 3 years
asked 211k views
4 votes
Shane deposits $500 in an account that earns 7.4% interest compounded annually. What is the balance in the account after 3 years

asked
User Jignesh Kheni
by
8.6k points

2 Answers

5 votes

Answer:

116.50 :-)

Explanation:

im three years late though

answered
User Bart Weber
by
8.8k points
2 votes
400$ i think is the answer

answered
User Saleh Feek
by
8.0k points
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