A savings account earns 5% interest each year, compounded monthly. If a person invests $300 and makes no further deposits or withdrawals, what is the balance in the account after 3 years?
I think the answer is $345 Because 5% of $300 is $15 So since it’s 3 year then we multiply 3x$15= $45 so $300 plus $45 = $345 I hope this helps Please mark as brainliest
