HALLLPPP I RLLY NEED UR HELLLPP PLSSSS!!! (And pls explain how exactly you got your answer thank you so much!) Find the Compound Interest. Principal: 1,000 Interest Rate: 3% Tim…

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IVela · Answer 1 · 2022-07-27T05:06:27+0000

Answer:

92.727

Explanation:

The formula for compound interest is
P((1+i)^(t) -1) , where P is the principal amount, i is the interest rate and t is the time. Sub your values into this formula to find your answer.

1000((1+0.03)³-1)

1000(1.03³-1)

1000(1.092727-1)

92.727

1000(0.092727)

HALLLPPP I RLLY NEED UR HELLLPP PLSSSS!!! (And pls explain how exactly you got your answer thank you so much!) Find the Compound Interest. Principal: 1,000 Interest Rate: 3% Tim…

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