Mathematics, 05.12.2020 01:00 taylor511176

What would $1000 become in a saving account at 3% per year for 3 years when the interest is not compounded (simple interest)? What
would the same amount become after 3 years with the same rate but
compounded annually?

Answers: 2

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More questions: Mathematics Another questions

What would $1000 become in a saving account at 3% per year for 3 years when the interest is not compounded (simple interest)? What would the same amount become after 3 years with the same rate but compounded annually?

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Another question on Mathematics

What would $1000 become in a saving account at 3% per year for 3 years when the interest is not compounded (simple interest)? What
would the same amount become after 3 years with the same rate but
compounded annually?