anonymous
  • anonymous
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
Mathematics
jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
it is
anonymous
  • anonymous
never mind, sorry, I was in English before
anonymous
  • anonymous
so any of you guys know how to do this is so help please and its ok @HourglassMage

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anonymous
  • anonymous
A
anonymous
  • anonymous
thanx how did you get the answer
anonymous
  • anonymous
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...
anonymous
  • anonymous
ok
anonymous
  • anonymous
3.5%/100 = .035% /035% = R
anonymous
  • anonymous
A = 2000(3.5 + .035)(3)
anonymous
  • anonymous
thanx @HourglassMage
anonymous
  • anonymous
no prob
anonymous
  • anonymous
do you want the site for the interest calculator?
anonymous
  • anonymous
yes
anonymous
  • anonymous
http://www.webmath.com/simpinterest.html Lol, sorry, I never noticed your response. Hopefully you still have a use for the site. :/

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