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OpenStudy (abbyselena2199):
At the beginning of every year, Molly deposits $200 in a savings account that offers an interest rate of 20%, compounded annually. The total amount that Molly will have in her account at the end of 3 years is?
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OpenStudy (abbyselena2199):
Medal will be given
rebeccaxhawaii (rebeccaxhawaii):
WELCOME TO OS!!!
rebeccaxhawaii (rebeccaxhawaii):
do you know the fomula?
OpenStudy (abbyselena2199):
NO! You dont help me anyway @rebeccaxhawaii
rebeccaxhawaii (rebeccaxhawaii):
i am being tagged in a bajillion questions
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OpenStudy (anonymous):
A = P (1+r)^t A = $200 (1 + .20)^3 A= $200 ( 1.20)^3 A= $200 (1.728) A= $345.6
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