Jim opened an account with $400. The account pays 3 percent quarterly. How much is in the account at the end of 2 years? Round to the nearest dollar.
Use the compound interest formula, the formula A = p (1 + r/n) ^nt
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Home » Mathematics » Jim opened an account with $400. The account pays 3 percent quarterly. How much is in the account at the end of 2 years? Round to the nearest dollar. Use the compound interest formula, the formula A = p (1 + r/n) ^nt