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Fredo deposits $75 each year in an account earning 3% interest compounded annually. If he deposits an additional $75 per year and does not make any withdrawals, how much interes…

Fredo deposits $75 each year in an account earning 3% interest compounded annually. If he deposits an additional $75 per year and does not make any withdrawals, how much interes…
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Fredo deposits $75 each year in an account earning 3% interest compounded annually. If he deposits an additional $75 per year and does not make any withdrawals, how much interest will the account earn in the fourth year?

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User Jonstjohn
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1 Answer

4 votes
2.25 will be added into the account of the total of the money
answered
User Gerald Eersteling
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8.6k points
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