SOLUTION: If the money and interest are left in the bank, how much is the total savings after three years for $2,000 at 11% annually compounded interest?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: If the money and interest are left in the bank, how much is the total savings after three years for $2,000 at 11% annually compounded interest?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 760797: If the money and interest are left in the bank, how much is the total savings after three years for $2,000 at 11% annually compounded interest?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=2000(1.11)^3
A=2000*1.367631
A=$2,735.26