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34kurt
3 years ago
9

Please answer quickly! I’m so confused and I have no idea what to do! I will mark brainliest!

Mathematics
2 answers:
Dimas [21]3 years ago
6 0
Since this problem is compound interest, the formula would be:
500×(1.03)^20 = 903.056
FrozenT [24]3 years ago
6 0

We can use the I=P(1+RT) formula here.

I = 500(1+(0.03)(20))

I= 500(1.6)

I = $800

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