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Assuming a 3% (0.03) interest rate, $300 invested today in a savings account today will be worth $309 in one year. What will that amount
Assuming a 3% (0.03) interest rate, $300 invested today in a savings account today will be worth $309 in one year. What will that amount be in 2 and 3 years, and what is the total interest you will earn at the end of three years. Refer to the video in the information page for assistance in calculating simple interest. Question 4 options: Year 2: $114.49 Year 3: $122.50 Total Interest: $22.50 Year 2: $427.88 Year 3: $228.00 Total Interest: $17.59 Year 2: $345.00 Year 3: $316.98 Total Interest: $33.81 Year 2: $318.27 Year 3: $327.82 Total Interest: $27.82
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