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KATRIN_1 [288]
3 years ago
13

You are opening a checking account that earns 5.9% interest each year compounded annually. You deposit $780. After 1 year you wi

ll have $826.02. After 2 years you will have $874.76. How much will you have after 3 years?
Mathematics
1 answer:
fomenos3 years ago
3 0

Answer:

  $926.37

Step-by-step explanation:

Each year, the balance is multiplied by 1.059.

  1.059×$874.76 = $926.37 . . . after 3 years

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