Question

Kendra opened an account with a deposit of $3,500.

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• The account earns 2.5% interest compounded annually.
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• Kendra makes no additional deposits or withdrawals.
Which amount is closest to the balance of the account at the end of 3 years?
A $3,762.50
B) $3,587.50
c) $3,507.50
D) $3,769.12

Answer 1

its A

Explanation:

cause 2.5 x 3 is 7.5 and 3500+7.5% is 3762.50