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

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

anonymous · Answer

C. i think

anonymous · Answer

however i think your formula is wrong https://qrc.depaul.edu/StudyGuide2009/Notes/Savings%20Accounts/Compound%20Interest.htm

anonymous · Answer

so the answer that you get according to the formula above is different

anonymous · Answer

its the correct one its on k12