milonasnikos28 milonasnikos28

23-03-2020
Chemistry

contestada

You deposit $2000 in a bank account that pays 3% annual interest. Find the balance after 8 years if the interest is compounded quarterly. Round to the nearest cent.

Respuesta :

OmarEmad05 OmarEmad05

02-04-2020

Answer:

2480‬$

Explanation:

2000$*(3%=0.03)=60$

multiply by 8 = 480$

then by adding it to 2000 = 2480$

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