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PartyGirl2552go
Answered

I plan on opening a savings account with $500 and leaving it in the account for 2 years. If the bank is going to pay me an interest rate of 3%, how much money will I have in the account at the end of 2 years?
A. $30
B. $300
C. $530
D. $800

Answer :

Lvemma1go
The answer would be C

C. 530

500 x 2 x 3%

500 x 2 x .03

1000 x .03

30

30 + 500 = 530

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