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3 years ago

14

A principal of $450 is deposited in an account that pays 2.5% interest compounded yearly. Find the account balance after 3 years

rounded to the nearest cent.

2 answers:

KonstantinChe [14]3 years ago

4 0

A=p(1+r)^t
A=450×(1+0.025)^(3)
A=484.60

torisob [31]3 years ago

3 0

Total = principal * (1 + rate)^years
Total = 450.00 * (1.025)^3
Total = 450.00 *<span> <span> <span> 1.076890625 </span> </span> </span>
Total = 484.60

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