4 years ago

If you invest x dollars at 3% intrest compounded annually ,then the amount A (x) of the investment after one year is A(x)=1.03x.

1 answer:

5 0

The "compound amount" formula is A = P(1+r)^t.

Here, the Amount A(x) is (x)(1+0.03)^1= 1.03x.

Please be clearer about what you are asking here. I assume you just wanted to be told that you are right.

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