Register

A $6,300.00 principal earns 6% interest, compounded annually. after 3 years, what is the balance in the account? a.1,360,800b. 7,503c.7,434d.25, 804

A $6,300.00 principal earns 6% interest, compounded annually. after 3 years, what is the balance in the account? a.1,360,800b. 7,503c.7,434d.25, 804
89.0k views
4 votes
A $6,300.00 principal earns 6% interest, compounded annually. after 3 years, what is the balance in the account?

a.1,360,800b. 7,503c.7,434d.25, 804

User Sam Oliver
by
7.0k points

1 Answer

0 votes
A=6,300×(1+0.06)^(3)
A=7,503.40
User Graham Griffiths
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!