SOLUTION: Sarah deposited $400 in a bank account that earns 3% interest. If she never withdrew money from her account, how much money was in Sarah's account at the end of the second year?

SOLUTION: Sarah deposited $400 in a bank account that earns 3% interest. If she never withdrew money from her account, how much money was in Sarah's account at the end of the second year?

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Question 922499: Sarah deposited $400 in a bank account that earns 3% interest. If she never withdrew money from her account, how much money was in Sarah's account at the end of the second year?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Depends on the compounding period, if any.
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