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Your paycheck this week is $241. You put the $114 in a savings account that pays an interest
rate of 3.9%. If you leave your money for 2 years, how much will you have?

Respuesta :

samuelonum1

Answer:

$122.9

Step-by-step explanation:

Given data

Principal= $114

Rate= 3.9%

Time= 2 years

The amount in the account is given as

A=P(1+rt)

substitute

A=114(1+0.039*2)

A=114(1+0.078)

A=114(1.078)

A=$122.9  

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