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3 years ago

A. If the bank provides an annual percentage yield of 3.2%, what will be the balance when lucy turns 1? turns 2? turns 3?

Mathematics

1 answer:

Leno4ka [110]3 years ago

4 0

Answer:

1 year=3.2%

2 year=6.4%

3 year=9.6%

Step-by-step explanation:

Since the% increases every year

So for the first year=

3.2% of 1

3.2%×1

3.2%

For second year

3.2% ×2

6.4%

For the third year

3.2% × 3

9.6%

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Step-by-step explanation:

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