Don put $4,000 in a savings account with an interest rate of 3% for three years. If the interest is compounded annually, how much money will he have at the end of the three years? A. $4,370.91 B. $8,788.

Don put $4,000 in a savings account with an interest rate of 3% for three years. If the interest is compounded annually, how much money will he have at the end of the three years?

A.
$4,370.91
B.
$8,788.00
C.
$4,243.60

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Don put $4,000 in a savings account with an interest rate of 3% for three years. If the interest is compounded annually, how much money will he have at the end of the three year…

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