Question

What is the final balance for an account starting with $2000 at 3.5% interest compounded annually for 3 years?

A = P(1 + r)t

A.
$2217.44

B.
$4290.75

C.
$6210.00

D.
$8100.00

Answer 1

it is

Answer 2

never mind, sorry, I was in English before

Answer 3

so any of you guys know how to do this is so help please and its ok @HourglassMage

Answer 4

A

Answer 5

thanx how did you get the answer

Answer 6

well, honestly I just used an interest calculator, but I'll show you step-by-step how it should be done.
Just give me a couple of minutes...

Answer 7

ok

Answer 8

3.5%/100 = .035%
/035% = R

Answer 9

A = 2000(3.5 + .035)(3)

Answer 10

thanx @HourglassMage

Answer 11

no prob

Answer 12

do you want the site for the interest calculator?

Answer 13

yes

Answer 14

http://www.webmath.com/simpinterest.html
Lol, sorry, I never noticed your response. Hopefully you still have a use for the site. :/