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ratelena [41]
3 years ago
12

you deposit 2000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 15

years?
Mathematics
1 answer:
tresset_1 [31]3 years ago
8 0

Answer:

It should be $2,900

Step-by-step explanation:

First you convert the percentage to decimal form out of 100

3%/100 = 0.03

A = P(1 + rt)

A = 2000(1 + 0.03 x 15)

Which you should get $2,900 or $2,900.00 (which is pretty much the same thing)

Hope this helps!

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