Question

Jessie invests $3345 in the stock market. over the 3 years she has this invested she gets an average return of 7.8% how much will her investment be worth after the 3 years​

Answer 1

$4190.37

Explanation:

amount invested × multiplier^number of years invested

3345×1.078³=$4190.37031644= $4190.37

Answer 2

$ 4127.73 that is what her investment will be worth after 3 years.

Explanation:

capital invested = $3345

percentage on return annual interest = 7.8%

duration of stock = 3 years

total worth of investment = ( 7.8% of $3345 ) * 3 + $3345

= ( 0.078 * 3345 ) * 3 + 3345

= 260.91 * 3 + 3345

= 782.73 + 3345

= $4127.73

after three years of investment the total worth of her investment i.e investment capital plus interest earned over time will be = $4127.73