Here's the question you clicked on:
Cookie_009
Don put $3,000 in a savings account with an interest rate of 3% for three years. If the interest is compounded annually, how much money will he have at the end of the three years? A. $3,378.18 B. $6,591.00 C. $3,182.70 D. $3,278.18
(3000)(1.03)(1.03)(1.03) = (3000)(1.03)^3 = (3000)(1.092727)
The "1.03" factors come into play because it is "1" plus "3%" because you have the principal plus the interest after each year. To get the answer, all you have to do is do that last multiplication. Don't worry, I checked, and the answer will be among the choices.
Good luck to you in all of your studies and thx for the recognition! @Cookie_009