PLEASE HELP!!! I WILL FAN WHOEVER HELPS!!!

Tucker invested $3500 at 2% interest compounded annually.

How much interest will he earn in 3 years?

A.
$70.00

B.
$210.00

C.
$214.23

D.
$3714.23

Question

PLEASE HELP!!! I WILL FAN WHOEVER HELPS!!! 


 
	

Tucker invested $3500 at 2% interest compounded annually. 

How much interest will he earn in 3 years?
	
	
 
A.
	$70.00
	
 
B.
	$210.00
	
 
C.
	$214.23
	
 
D.
	$3714.23

saifoo.khan · Answer

Do you know the compound interest formula?

anonymous · Answer

no

saifoo.khan · Answer

Learn here: http://www.youtube.com/watch?v=Rm6UdfRs3gw

anonymous · Answer

ok, thanx

anonymous · Answer

http://www.webmath.com/simpinterest.html will this help

flashp · Answer

because 3500 subtracted by 2% is 3430 which means it went down 70 now 3 years up means 70 plus 70 plus 70 which equals 210

anonymous · Answer

yea, thanks!

anonymous · Answer

ok, yea, that makes sence, thanx everyone!!

flashp · Answer

no problem

anonymous · Answer

:)