Loliypop3 Loliypop3

11-05-2017
Mathematics

contestada

Help please will mark brainliest answer!!! ASAP!!!

What is the final balance for an account starting with $3000 at 2.5% interest compounded annually for 4 years?

A = P(1 + r)t

Respuesta :

Dollpinnedup Dollpinnedup

11-05-2017

P = principal (initial amount), r = rate of interest, and t = time

So, A = 3000(1+0.025)^4

Answer: $3,311.44 (approximately)

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