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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 Irvin Zhan
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1 Answer

3 votes

Answer:

6773.00

Explanation:

(6500x0.014)3=273

6500+273=6773.00

User Nauer
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