Ezekielcassese
18.02.2020 •
Mathematics
Find the balance of $2,500 deposited at 3% compounded annually for 3 years
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Ответ:
The balance will be $2,731.82.
Step-by-step explanation:
This problem can be solved by the following formula:
In which A is the final amount(balance), P is the principal(the deposit), r is the interest rate and t is the time, in years.
In this problem, we have that:
We want to find A
So
The balance will be $2,731.82.
Ответ: