If $1,000 is invested in an account that pays 3% interest compounded annually, an expression that represents the amount in the account at the end of two years can be given by which of the following equations?
A. 1000+0.2³
B. 1000(1.03)²
C. 1000(0.3)²

Question

06-10-2022
Mathematics

Answered

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If $1,000 is invested in an account that pays 3% interest compounded annually, an expression that represents the amount in the account at the end of two years can be given by which of the following equations?
A. 1000+0.2³
B. 1000(1.03)²
C. 1000(0.3)²

Sagot :

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