Question

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

Answer 1

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

Answer 2

Answer:

B

Step-by-step explanation:

3250 × (1.06^3.5) = 3985.23