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7 votes
Marcos goes to a bank and opens a new account.

He deposits $6,500.
The bank pays 1.4% interest compounded annually on this account.
Marcos makes no additional deposits or withdrawals.
Which amount is the closest to the account balance at the end of 3 years?


$6,591.00

$6,683.27

$6,773.00

$6,776.83

User Shannakay
by
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2 Answers

12 votes

Answer:

d

Step-by-step explanation:

User Gibor
by
4.3k points
12 votes

Answer:

$6,776.83

Step-by-step explanation:

6500(1.014)³ ≈ $6,776.83

User Kachna
by
4.2k points