Carlson Hanson
07/22/2024 · Middle School

in deposited \( \$ 2700 \) into a savin te of \( 0,3 \% \). Find the amount in

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To calculate the total amount in the savings account after depositing $2700 with a 0.3% interest rate, use the formula \( A = P(1 + rt) \), where \( P = 2700 \), \( r = 0.003 \), and \( t \) is the time in years. For example, after 1 year, the amount is $2710.10; after 5 years, it's $2730.50; and after 10 years, it's $2781.00.

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