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7 December, 23:42

Sumi Kato's savings account has a balance of $2508. After 24 years what will the amount of interest be at 3.5 % compounded annually?

A. $3,218.59

B. $6,019.20

C. $3,207.59

D. $3,224.59

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Answers (2)
  1. 7 December, 23:58
    0
    2508 (1+0.04) ^24 = 6,428. trust me, found it to 6,019.20.

    b.
  2. 8 December, 00:00
    0
    Step-by-step explanation:

    100+3.5=103.5

    103.5:100=1.035

    1.035*2508=$5726.58
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