you deposit 2000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 15 years?

Respuesta :

Answer:

It should be $2,900

Step-by-step explanation:

First you convert the percentage to decimal form out of 100

3%/100 = 0.03

A = P(1 + rt)

A = 2000(1 + 0.03 x 15)

Which you should get $2,900 or $2,900.00 (which is pretty much the same thing)

Hope this helps!