Tom has deposited $500 in an account which earns 2% interest each year. Which expression correctly shows the total value of his
account after 3 years?
A) 500 + 0.02 + 0.02 + 0.02
B) 500 + 0.02[500 + 0.02(500 + 0.02*500)]
C) 500 + 0.02*0.02*0.02(500)
D) 500 + 3(0.02)500
1 answer:
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