Problem
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.
Principal
Rate
Compounded
Time
$ 3000$3000
3 %3%
annuallyannually
3 years3 years
• Find how much money there will be in the account after the given number of years.
• Find the interest earned.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.