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?

Question

abbyselena2199 · Answer

Medal will be given

rebeccaxhawaii · Answer

WELCOME TO OS!!!

rebeccaxhawaii · Answer

do you know the fomula?

abbyselena2199 · Answer

NO! You dont help me anyway @rebeccaxhawaii

rebeccaxhawaii · Answer

i am being tagged in a bajillion questions

anonymous · Answer

A = P (1+r)^t
A = $200 (1 + .20)^3
A= $200 ( 1.20)^3
A= $200 (1.728)
A= $345.6