Don't put 3,000 in a savings account with an interest rate of 4% for 3 years if the interest is compounded annually how much money will he have at the end of the three years

$3,374.59

Step-by-step explanation:

Lets use the compound interest formula to solve:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, change 4% into a decimal:

4% -> -> 0.04

Next, lets plug the values into the equation:

After 3 years, you'd have $3,374.59

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step-by-step explanation: