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3 years ago

13

Jose invests $3,250 at 6% interest compounded annually. what will be the balance of the account after 3.5 years? A) $3,932.50 B)

$3,985.23 C) $4,752.00 D) $5,200.00

2 answers:

tino4ka555 [31]3 years ago

8 0

3250 + 3.5(3250 x 0.06) = 3250 + 682.5 = A) 3932.50

sineoko [7]3 years ago

4 0

Answer:

B

Step-by-step explanation:

3250 × (1.06^3.5) = 3985.23

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