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

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Math Expert
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If Andrew deposits $800 in a savings account that pays 3% interest ann  [#permalink]

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New post 04 Mar 2019, 23:55
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

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

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Re: If Andrew deposits $800 in a savings account that pays 3% interest ann  [#permalink]

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New post 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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Re: If Andrew deposits $800 in a savings account that pays 3% interest ann  [#permalink]

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New post 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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New post 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.

Answer: C
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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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