Question

Olivia will deposit $1,000 in an account that earns 6% interest compounded annually for 3 years. What is her total in the account after 3 years

PLEASE ANSWER QUICK AND SHOW WORK

Answer 1

A= 1000(1+.06)^3 answer is A=1191.016

Explanation:

first the formula is A=a(1 + or- R)^t

A=total

a=money or amount

R=rate it increase or decrease (percent) change to decimal

T=times,years,months ect..