Alivia deposited $3,000 into an account two years ago. The first year she earned 6 percent interest; the second year she earned 5 percent. How much money does Alivia have in her account today?
A)$3,180.00
B)$3,150.00
C)$3,339.00
D)$3,427.53

Question

Quizplus · Accepted Answer

Alivia earned 6% interest the first year, so her account grew to $3,000 * 1.06 = $3,180. The second year, she earned 5% interest on this amount, so her account grew to $3,180 * 1.05 = $3,339.

Alivia Deposited $3,000 into an Account Two Years Ago