Question

I WILL FAN FOR ANYONE WHO HELPS ME!!!!

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

2000(3.5)3 solve this

Answer 2

ummm....

Answer 3

so if the account starts with 2000 that is P
t stands for time so the number of years and the 1+r stands for the amount of interest that the account will accumulate
So the equation is A = 2000 (3.5) 3
You need a calculator

Answer 4

so, D?

Answer 5

you end up with D

Answer 6

yep

Answer 7

ok, thanx!

Answer 8

anythime. you wana hit me with a medal? ;P

Answer 9

lol ok, i don't know how to give anyone medals though?

Answer 10

but ok lol, i'll try lol

Answer 11

can you help me with a few more?

Answer 12

i already guessed, like, tried to answer, but can you just check them?

Answer 13

for me?