Ask Question
Yesterday, 23:45

you deposit $1.000 in a saving account that earns 0.5% each month. Assuming you do not deposit or withdraw any from the account, how much will you have in the account after 3 years?

+3
Answers (1)
  1. Yesterday, 23:57
    0
    1 + {[ (1 * 0.5) x 12] x 3}

    1 + {[0.5 x 12] x 3}

    1 + {6 x 3}

    1 + 18

    19

    I'm not sure if that's a 1.000 or 1,000 so:

    1,000 + {[ (1,000 *.5) x 12] x 3}

    1,000 + {[500 x 12] x 3}

    1,000 + {6,000 x 3}

    1,000 + 18,000

    19,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “you deposit $1.000 in a saving account that earns 0.5% each month. Assuming you do not deposit or withdraw any from the account, how much ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers