Question

HELP ME PLEAESE!!!!!!!!!!! MEDAL AND FANNN

Answer 1

or the investment with interest compounded annually, find the final balance and the total interest earned.

$70,600 for 3 years at 4.2%

A.
final balance: $70,896.52
interest earned: $296.52

B.
final balance: $73,565.20
interest earned: $2965.20

C.
final balance: $79,495.60
interest earned: $8895.60

D.
final balance: $79,874.45
interest earned: $9274.45

Answer 2

your answer is c

Answer 3

c

Answer 4

medal?

Answer 5

How did you get that

Answer 6

just keep adding it 3 times see what you get

Answer 7

adding what

Answer 8

@Snoopy_Lascano

Answer 9

Hello help me!!!! @ganeshie8

Answer 10

you're given :

`$70,600 for 3 years at 4.2%`

Answer 11

ok what is the 4.2

Answer 12

P = $70,600
t = 3
r = 4.2% = 0.042

Answer 13

use the compound interest formula :

final balance = \(\large P(1+r)^t\)

Answer 14

plug and chug

Answer 15

would you just do 70600/4.2

Answer 16

use the formula friend

Answer 17

final balance = \(\large P(1+r)^t\)

= \(\large 70600(1+0.042)^3\)

Answer 18

the what??

Answer 19

you should get :
http://www.wolframalpha.com/input/?i=70600%281%2B0.042%29%5E3

Answer 20

well is there just a formula?