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What is the final balance for the investment? $1200 for 3 years at 3% compounded annually A. $1311.27 B. $72.00 C. $2636.40 D. $1272.00
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What is the final balance for the investment? $1200 for 3 years at 3% compounded annually

A.
$1311.27

B.
$72.00

C.
$2636.40

D.
$1272.00

User Chava
by
7.2k points

1 Answer

6 votes
The amount is $1311.27 and the interest is $111.27.
User CHao
by
7.9k points
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