Algebra for Grade 10, Problem ID: 4473
Mrs. Smith puts $10,000 into a saving account that earns 2% interest compounded annually.
Which expression can be used to find the value of her money in the account at the end of the third year?
10000 (1 + 0.2)
^{3}
10000 (1 + 0.02
^{3}
)
10000 (1 + 0.03)
^{2}
10000 (1 + 0.02)
^{3}