Question

Instead of spending his additional earnings each month, Michael chooses to open a savings account offering 3% interest, accrued monthly. Calculate the amount of money Michael will have in his savings account at the end of each of the following periods.

(a) three months
(b) six months
(c) one year

Answer 1

I assume you are trying to copy and paste and that is why only part of your question posted. The boards do not allow cut and paste; you must type your question.