Asked by Anonymous
Archie deposited $67,013.26 in a savings account earning 3.2% interest, compounded annually. To the nearest cent, how much will he have in 3 years? How much interest will he have earned?
Answers
Answered by
oobleck
per the usual formula, the amount will be
67013.26(1.032)^3 = ______
now subtract the original amount to reveal the interest portion of the total.
67013.26(1.032)^3 = ______
now subtract the original amount to reveal the interest portion of the total.
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