Answered

Kyle put $3,000 in a savings account with an interest rate of 7%. If the interest is compounded annually, how much money will he have at the end of four years?

A

$4,032.39

B

$4,207.66

C

$3,675.13

D

$3,932.39

Verified Answer :

At the end of four years he would earn $840 dollars.
Hope I helped!

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