Question

Jaime invested $3500 in an account with a 2.4% annual interest rate. She made no deposits or withdrawals on

the account for 3 years. If interest was compounded annually, create an equation that represents the balance in
the account after the 3 years.

Answer 1

252 dollars

Explanation:

so $3,500 * 2.4% is $84 * 3 gives you $252