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5 January, 15:44

Tucker invested $3500 at 2% interest compounded annually.

How much interest will he earn in 3 years?

A.$70.00

B.$210.00

C.$214.23

D.$3714.23

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Answers (1)
  1. 5 January, 16:09
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    The answer is B you take $3500.00 x 2% = $70.00 in one year, take $70.00 x 3 because it is 3 years, the answer is $210.00
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