Ask Question
22 January, 13:43

A savings account accrues interest at a rate of 3.0% yearly. If someone opens an account with $2,500, how much money would the account have after 4 years?

+4
Answers (1)
  1. 22 January, 13:51
    0
    To answer the question above we first need to know how much is the interest per year. In equation, 3% of $2500 is 75. 75 per year in 4 years is 300. So add $300 to the principal amount, the money after 4 years would be $2800.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A savings account accrues interest at a rate of 3.0% yearly. If someone opens an account with $2,500, how much money would the account have ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers