Ask a New Question

Molly deposits $200 in a savings account that has a 20% interest rate compounded annually. What will be her total after 3 years?

2 answers

200 (1 + .20)^3

5000

Similar Questions

At the beginning of every year, Molly deposits $200 in a savings account that offers an interest rate of 20%, compounded
1. 4 answers
Karen opens a savings account with $1500. She deposits $100 every month into the account that has a 0.85% interest rate,
1. 2 answers
Like deposits $3,500 into each of two savings accountsaccount I earns 3% annual simple interest account II earns 3% interest
1. 1 answer
Emma deposits $500 into a savings account with an annual interest rate of 3%. How much interest will Emma have earned after 2
1. 1 answer

more similar questions