Marie has $3,000 in a savings account that earns 4% interest, compounded annually. To the nearest cent, how much will she have in

Question

Marie has $3,000 in a savings account that earns 4% interest, compounded annually.

To the nearest cent, how much will she have in 2 years?

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Kennedy 2 weeks 2021-11-16T05:41:36+00:00 1 Answer 0 views 0

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    2021-11-16T05:42:45+00:00

    Step-by-step explanation:

    formula starting value X interest to the power of no of years is the new money

    so 3000*1.04² is 3244.8

    so it is $3245

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