Question

$3,300 principal earning 4% compounded annually after three years you need to find the balance in the account. Thanks:)

Answer 1

$3,712.05

Explanation:

Using compounding:

result= 3300*1.04^3= $3,712.05

Answer 2

Total = 3,300 * (1.04)^3
Total = 3,712.05