Mike Branson invested his summer earnings of $3000 in a savings account for college. The account pays 5.5% interest. How much will this amount to in 3 months? in 3 months. Mike's savings will amount to $ (Round to the nearest cent as needed.) ***

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.40TI: Susana invested a principal of $36,000 in her bank account with interest rate 6.5%. How much...
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Mike Branson invested his summer earnings of $3000 in a savings account for college. The account
pays 5.5% interest. How much will this amount to in 3 months?
in 3 months.
Mike's savings will amount to $
(Round to the nearest cent as needed.)
***
Transcribed Image Text:Mike Branson invested his summer earnings of $3000 in a savings account for college. The account pays 5.5% interest. How much will this amount to in 3 months? in 3 months. Mike's savings will amount to $ (Round to the nearest cent as needed.) ***
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