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What is the final balance for an account starting with $2000 at 3.5% interest compounded annually for 3 years? A = P(1 + r)t $2217.44 $4290.75 $6210.00 $8100.00

What is the final balance for an account starting with $2000 at 3.5% interest compounded annually for 3 years? A = P(1 + r)t $2217.44 $4290.75 $6210.00 $8100.00
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5 votes
What is the final balance for an account starting with $2000 at 3.5% interest compounded annually for 3 years?

A = P(1 + r)t

$2217.44

$4290.75

$6210.00

$8100.00

User Crezzur
by
8.1k points

1 Answer

5 votes
A= 2000(1+0.035) ^3
= 2217.44

Hope this helps!
User Arzybek
by
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User Instanceof
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P = $1400,300 r = 7 1/2% t = 4 what is i ? $4.29 $429.00 $4290.00
Instanceof asked Nov 22, 2020
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