you deposit $2000 in an account that pays 3% annual interest. Find the balance after 10 years if the

Discussion in 'Calculator Requests' started by math_celebrity, Jan 28, 2022.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    you deposit $2000 in an account that pays 3% annual interest. Find the balance after 10 years if the interest is compounded quarterly. Please give your answer to 2 decimal places.

    Using our compound interest calculator, with 10 * 4 = 40 quarters, we have:
    $2,696.70
     

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