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Omar deposits $300 in an account earning 3% interest compounded annually. How much interest will the account earn after 5 years if he makes no withdrawals

Omar deposits $300 in an account earning 3% interest compounded annually. How much interest will the account earn after 5 years if he makes no withdrawals
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Omar deposits $300 in an account earning 3% interest compounded annually. How much interest will the account earn after 5 years if he makes no withdrawals

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User FChiri
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1 Answer

5 votes
Do 300 times by 1.03 to the power of 5
answered
User Eujin
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8.3k points
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