Question

a $6,300 principal earns 6% interest compounded annually after 3 years what is te balance total

Answer 1

i think it is either 7,503.40 or 7434.00

Answer 2

@rohitmathew

Answer 3

@Jackson1234

Answer 4

The equation for calculating compound interest is A= P(1 + (r/n))^nt

Answer 5

how would i fill that in?

Answer 6

omg yes i just remembered how thank you soooo much <3

Answer 7

i kept forgetting to add one :p

Answer 8

You should definitely review your lessons and do the practice problems. P= principle, A= Balance total. r= interest or rate of gain n= number of times compounded. t= time

Answer 9

No problem.