Question

Algebra 1 help! •giving brainliest!

Answer 1

Compound interest:

$A=P\left(1+\dfrac rn\right)^{nt}$

where $P$ is the amount you start with, $r$ is the interest rate, $n$ is the number of times interest is compounded per year, and $t$ is amount of time that passes.

$4272\left(1+\dfrac{0.12}1\right)^{1\times3}=4272\times1.12^3\approx6001.85$