• Calculating Interest Review
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  • An amount of $1,240.00 is deposited in a bank paying an annual interest rate of 2.85 %, compounded annually. Find the balance after 2 years.
    $1,311.69
  • An amount of $2,000.00 is deposited in a bank paying an annual interest rate of 2.85 %, compounded annually. Find the balance after 3 years.
    $2,175.92
  • An amount of $3,000.00 is deposited in a bank paying an annual interest rate of 3 %, compounded annually. Find the balance after 4 years.
    $3,376.53
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