damonmyers91 damonmyers91

05-04-2018
Mathematics

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You put $500 in an account that earns 4% annual interest. The interest earned each year is added to the principal to create a new principal. Find the total amount in your account after each year for 3 years.

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ceciliay503 ceciliay503

05-04-2018

after 3 years the amount would be $562.43

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SINAZEUS SINAZEUS

05-04-2018

year 1. 520

2. 540.8

3. 562. 43

but if it's a simple interest:

year 1. 520

2. 540

3. 560

good luck

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