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Correct answers only!

To the nearest cent, how much will she have in 1 year?

Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Correct answers only! To the nearest cent, how much will she have in 1 year? Use the-example-1

1 Answer

5 votes

Answer:

$5150

Explanation:

p = 5000

r = 0.03

t = 1

5000 * (1.03) = 5150

User Teddy K
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