Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

a savings account earns 8% interest each year compounded monthly. if a person invest 100 and makes no further deposit or withdrawals what is the balance in the account after 3 years

Sagot :

It would be 76. 8% of 100 is 8 and 8x3 is 24. 100-24=76
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.