Rodriguezleslie07go Rodriguezleslie07go

Mathematics

Answered

1. Lukas deposited $3000 into a
savings account that earns
3.7% interest compounded
annually. What is the total
value of the account after 5
years?

Answer :

Gurulenickole13go Gurulenickole13go

Your Answer is 555 because it would always stay 3.7 interest and if he always makes that deposit 3.7% of 3,000 is 111 and 111 times 5 equals 555

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