You deposit $1600 in a bank account. Find the balance after 3 years if the account pays 1.75% annual

Discussion in 'Calculator Requests' started by math_celebrity, Apr 22, 2021.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    You deposit $1600 in a bank account. Find the balance after 3 years if the account pays 1.75% annual interest compounded monthly

    Using our compound interest calculator with 3 years = 36 months, we get:
    1,686.18
     
    math_celebrity, Apr 22, 2021
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