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poizon [28]
4 years ago
10

Sara Blake's grandmother gave her $3000.00 to save for college. She put it in a savings account that earns 6% interest per year.

The money was in the account for 8 years.
Mathematics
1 answer:
zubka84 [21]4 years ago
6 0
I assume you are looking for the total. The total amount in the account will be $4,781.54 if the interest is compounded annually.

If she is earning 6% interest, the balance in her account will be multiplied by 1.06 each year.

You can evaluate the following expression to find the total.
3000(1.06)^8 = 4781.54
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