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HELP I NEED HELP ON THIS ASSIGNMENT Jeff invested 3000 dollars into an account that gives 6.5% interest, compounded annually. The formula of the compound interest is A(t)=P(1+i)…

HELP I NEED HELP ON THIS ASSIGNMENT Jeff invested 3000 dollars into an account that gives 6.5% interest, compounded annually. The formula of the compound interest is A(t)=P(1+i)…
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HELP I NEED HELP ON THIS ASSIGNMENT

Jeff invested 3000 dollars into an account that gives 6.5% interest, compounded annually. The formula of the compound interest is A(t)=P(1+i)^t.


How much did Jeff have after three years?

User Madura Pradeep
by
7.8k points

1 Answer

9 votes

Answer:

he will have $3623.85 after 3 years.

User Dreen
by
8.4k points
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