3 years ago

What is the final balance for the investment? $1500 for 3 years at 10% compounded annually A.$1625.00 B.$1875.00 C.$1996.50

D.$2110.50

1 answer:

4 0

$the\ final\ balance:\\ \\FB=1500\cdot(1+ \frac{10}{100} )^3=1500\cdot(1,1)^3=1500\cdot1.331=1,996.50\ [\$]\\ \\Ans.\ C$

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