FAN AND MEDAL!
HELP!

You deposit $540.00 in an account that pays 6% interest, compounded annually. How much is in the account 3 years later?

1) $637.20
2) $543.18
3) $643.15
4) $1,717.20

Question

FAN AND MEDAL!
HELP!



You deposit $540.00 in an account that pays 6% interest, compounded annually. How much is in the account 3 years later?


1) $637.20
2) $543.18
3) $643.15
4) $1,717.20

anonymous · Answer

omg we're in the same math :D i got chuuu

anonymous · Answer

:D aww no way!!

anonymous · Answer

here's the formula u should use a=P(1+r/n) ^nt

anonymous · Answer

P is the principal
r is the annual interest
n is the amount of times for t years
a is the amount

anonymous · Answer

alright so I did it on some paper and I got 3, Im not sure if I got that right though. Im not very good with math