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Mathematics 18 Online
OpenStudy (anonymous):

A $6,300.00 principal earns 6% interest, compounded annually. After 3 years, what is the balance in the account?

OpenStudy (anonymous):

That is not an answer choice.

OpenStudy (anonymous):

A.1,360,800 B. 7,503 C.7,434 D.25, 804

OpenStudy (anonymous):

c

OpenStudy (anonymous):

Thanks, I understand now!

OpenStudy (anonymous):

Yes, I mistyped, meant A = 6300(1.06)^3 sorry.

OpenStudy (anonymous):

but that is answer b, not c !

OpenStudy (anonymous):

Yes I solved it and you were right @douglaswinslowcooper

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