Brad has $40 in a savings account. The interest rate is 5%, compounded annually. To the nearest cen

Discussion in 'Calculator Requests' started by math_celebrity, Mar 23, 2019.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    Brad has $40 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much will he have in 3 years?

    Using our balance with interest calculator, we get $46.31.
     
    math_celebrity, Mar 23, 2019
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