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daser333 [38]
3 years ago
11

At the beginning of every year, Molly deposits $200 in a savings account that offers an interest rate of 20%, compounded annuall

y. The total amount that Molly will have in her account at the end of 3 years is $ . NextReset
Mathematics
1 answer:
Lena [83]3 years ago
6 0
Hi, thank you for posting your question here at Brainly. To solve this problem, use this formula: F = P(1+i)^n, where F is the future worth, P is the present worth, i is the annual interest and n is the number of years. Substituting the values,

F = $200 (1+0.2)^3
F = $345.6

The answer is $345.6.


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