Question

Correct answers only!

To the nearest cent, how much will she have in 3 years?

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.

Answer 1

4444.63

Explanation:

after 1st year money will be 3000 + 0.14 *3000 =3420

after 2nd year 3420 + 0.14*3420 =3898.80

after 3rd yeaar 3898.80 + 0.14*3898.80 = 4444.632