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September 19, 2014

September 19, 2014

Posted by **Wendi Jones** on Monday, October 1, 2012 at 2:22pm.

What is the total amount in the account after three years?

What is the amount after three years if the interest was compounded annually?

- Economics - Finance -
**Steve**, Monday, October 1, 2012 at 2:59pmthe same as every other year: .055*100 = 5.50

100(1+.055*3) = 116.50

100(1.055)^3 = 117.42

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