A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 2 years 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
anonymous
 2 years 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

This Question is Closed

anonymous
 2 years ago
Best ResponseYou've already chosen the best response.0never mind, sorry, I was in English before

anonymous
 2 years ago
Best ResponseYou've already chosen the best response.0so any of you guys know how to do this is so help please and its ok @HourglassMage

anonymous
 2 years ago
Best ResponseYou've already chosen the best response.0thanx how did you get the answer

anonymous
 2 years ago
Best ResponseYou've already chosen the best response.0well, 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...

anonymous
 2 years ago
Best ResponseYou've already chosen the best response.03.5%/100 = .035% /035% = R

anonymous
 2 years ago
Best ResponseYou've already chosen the best response.0A = 2000(3.5 + .035)(3)

anonymous
 2 years ago
Best ResponseYou've already chosen the best response.0do you want the site for the interest calculator?

anonymous
 2 years ago
Best ResponseYou've already chosen the best response.0http://www.webmath.com/simpinterest.html Lol, sorry, I never noticed your response. Hopefully you still have a use for the site. :/
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.