Question

The formula you need to use is Pe^rt pls help

Answer 1

WE know that

`A=Pe^(rt)`

where A is the future value including interest, P is the the initial deposit, r is the annual interest rate and t is the time. Then in our case

`\begin{gathered} A=300e^((.01)(3))^{} \\ =309.1 \end{gathered}`

Then after three years we have 309.1. Substracting the initial deposit, we see that we earned 9.1 dollars.