For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t

$36,000 for 4.5 years at 3%

A.
$37,080.00

B.
$40,860.00

C.
$41,121.60

D.
$117,232.38

Question

For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t 

$36,000 for 4.5 years at 3%
	
	
 
A.
	$37,080.00
	
 
B.
	$40,860.00
	
 
C.
	$41,121.60
	
 
D.
	$117,232.38

anonymous · Answer

$36,000 for 4.5 years at 3%

can you pick out from these 3 numbers, what is 'P' , 'r', and 't'?

anonymous · Answer

idk im so stupid

anonymous · Answer

im grounded from everything till i get my math done

anonymous · Answer

i just help.....

anonymous · Answer

P stands for the original amount of money, can u pick it our?

anonymous · Answer

out?

anonymous · Answer

no

anonymous · Answer

which one of these is money?

$36,000  
4.5 years 
 3%

anonymous · Answer

36,000

anonymous · Answer

great, so P = 36000
now what about time, t, which number is that?

anonymous · Answer

4.5 years

anonymous · Answer

right again. t=4.5

now all that is left is r = 3%  becuase that is the only number we havn't used

good, now can you plug in those numbers into the equation they gave you in the question?