Register

How much would Kendra have in her account after three years if she started with $500 and earned 2 percent interest compounding annually?

How much would Kendra have in her account after three years if she started with $500 and earned 2 percent interest compounding annually?
asked 1.3k views
1 vote
how much would Kendra have in her account after three years if she started with $500 and earned 2 percent interest compounding annually?

asked
User Aryaman
by
7.9k points

2 Answers

2 votes
well she starts out with $500 and it being 2 percent she would earn $30 so it would come out $530

answered
User Phil Carson
by
8.1k points
3 votes
530.604
the equation is A = $500(1.02)^3
answered
User Ilya Vorobiev
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!