kristalbell606 kristalbell606
  • 03-05-2020
  • Mathematics
contestada

Desmond has $90,000 in a savings account. The interest rate is 8 % per year and is not compounded. How much will he have in 3 years?

Respuesta :

SugarCoatedTragedy
SugarCoatedTragedy SugarCoatedTragedy
  • 03-05-2020

Answer:

$111,600

Step-by-step explanation:

8% of $90,000 is $7,200

$7,200 x 3 = $21,600

90,000 + 21,600 = $111,600

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