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please help I need help Suppose Karen $1000 that she invests in an account that pays 3% interest compounded annually. How much money does Karen have at the end of 3 years? Solve for the interest
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please help I need help Suppose Karen $1000 that she invests in an account that pays 3% interest compounded annually. How much money does Karen have at the end of 3 years? Solve for the interest

User Dmuir
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1 Answer

4 votes

Answer:

Explanation:

A=P(1+r)^t

where A-final amount, P-intial amout, r-interest rate, t-time

A=1000(1+0.03)^3 = $ 1092.73

User Anfab
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