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# If Andrew deposits \$800 in a savings account that pays 3% interest ann

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Math Expert
Joined: 02 Sep 2009
Posts: 58464
If Andrew deposits \$800 in a savings account that pays 3% interest ann  [#permalink]

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04 Mar 2019, 23:55
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Difficulty:

5% (low)

Question Stats:

100% (00:31) correct 0% (00:00) wrong based on 23 sessions

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If Andrew deposits \$800 in a savings account that pays 3% interest annually, how much money will be in the account after one year?

A. \$803
B. \$816
C. \$824
D. \$832
E. \$840

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Joined: 21 Aug 2018
Posts: 5
Re: If Andrew deposits \$800 in a savings account that pays 3% interest ann  [#permalink]

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05 Mar 2019, 00:22
A=P+(P*R*T)/100
A=800+(800*3*1)/100
A=800+24=\$824
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Joined: 18 Aug 2017
Posts: 5043
Location: India
Concentration: Sustainability, Marketing
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Re: If Andrew deposits \$800 in a savings account that pays 3% interest ann  [#permalink]

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05 Mar 2019, 08:51
Bunuel wrote:
If Andrew deposits \$800 in a savings account that pays 3% interest annually, how much money will be in the account after one year?

A. \$803
B. \$816
C. \$824
D. \$832
E. \$840

800*1.03
IMO D ; 824 \$
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Re: If Andrew deposits \$800 in a savings account that pays 3% interest ann  [#permalink]

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07 Mar 2019, 07:54
Bunuel wrote:
If Andrew deposits \$800 in a savings account that pays 3% interest annually, how much money will be in the account after one year?

A. \$803
B. \$816
C. \$824
D. \$832
E. \$840

After 1 year, the amount of money in the account is 800 x 1.03 = 824 dollars.

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Re: If Andrew deposits \$800 in a savings account that pays 3% interest ann   [#permalink] 07 Mar 2019, 07:54
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