Asked by Bengie

You deposit $500 in an account that earns 4% simple annual interest. The interest earned each year is added to the principal to create a new principal. Find the total amount in your account after each year for 3 years.

Answered by oobleck
500 * 1.04^3
This is just compound interest
Answered by Seahawk wannabe
but what is the answer
Answered by Seahawk wannabe
srsly
Answered by Anonymous
sus
Answered by Anonymous
mogus
Answered by no
1 520
2 540.80
3 562.43
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