## lululife one year ago 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

1. lululife

it is

2. HourglassMage

never mind, sorry, I was in English before

3. lululife

so any of you guys know how to do this is so help please and its ok @HourglassMage

4. HourglassMage

A

5. lululife

thanx how did you get the answer

6. HourglassMage

well, honestly I just used an interest calculator, but I'll show you step-by-step how it should be done. Just give me a couple of minutes...

7. lululife

ok

8. HourglassMage

3.5%/100 = .035% /035% = R

9. HourglassMage

A = 2000(3.5 + .035)(3)

10. lululife

thanx @HourglassMage

11. HourglassMage

no prob

12. HourglassMage

do you want the site for the interest calculator?

13. lululife

yes

14. HourglassMage

http://www.webmath.com/simpinterest.html Lol, sorry, I never noticed your response. Hopefully you still have a use for the site. :/