SOLUTION: Sara deposit $ 11,000 in an account that pays 2.5% compounded annually. Determine the amount of her investment at the end of 3 years. A. 1st year Interest- Total- B. 2nd y

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Question 1079683: Sara deposit $ 11,000 in an account that pays 2.5% compounded annually. Determine the amount of her investment at the end of 3 years.
A. 1st year
Interest-
Total-
B. 2nd year
Interest-
Total-
C. 3rd year
Interest-
Total-
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
A. 11000 x .025=275
Interest:$275
Total:$11275
B.11275 x .025=281.88
Interest:$281.88
Total:$11556.88
C.11556.88 x .025=288.92
Interest: $288.92
Total: $11845.80
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