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lululife
Group Title
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
 8 months ago
 8 months ago
lululife Group Title
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
 8 months ago
 8 months ago

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HourglassMage Group TitleBest ResponseYou've already chosen the best response.2
never mind, sorry, I was in English before
 8 months ago

lululife Group TitleBest ResponseYou've already chosen the best response.1
so any of you guys know how to do this is so help please and its ok @HourglassMage
 8 months ago

lululife Group TitleBest ResponseYou've already chosen the best response.1
thanx how did you get the answer
 8 months ago

HourglassMage Group TitleBest ResponseYou've already chosen the best response.2
well, honestly I just used an interest calculator, but I'll show you stepbystep how it should be done. Just give me a couple of minutes...
 8 months ago

HourglassMage Group TitleBest ResponseYou've already chosen the best response.2
3.5%/100 = .035% /035% = R
 8 months ago

HourglassMage Group TitleBest ResponseYou've already chosen the best response.2
A = 2000(3.5 + .035)(3)
 8 months ago

lululife Group TitleBest ResponseYou've already chosen the best response.1
thanx @HourglassMage
 8 months ago

HourglassMage Group TitleBest ResponseYou've already chosen the best response.2
no prob
 8 months ago

HourglassMage Group TitleBest ResponseYou've already chosen the best response.2
do you want the site for the interest calculator?
 8 months ago

HourglassMage Group TitleBest ResponseYou've already chosen the best response.2
http://www.webmath.com/simpinterest.html Lol, sorry, I never noticed your response. Hopefully you still have a use for the site. :/
 5 months ago
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