Question

What is A= 3000(1+.036/12)^72 Algebra 2 compound interest

Answer 1

First we need to simplify $\frac{.036}{12}$ to 0.003.

We get 3000(1+0.003)$^{72}$

Now we simplify 1+0.0031+0.003 to 1.0031.003.

3000×1.00$3^{72}$

Simplify {1.003}^{72}1.003 to 1.2407011.240701.

3000×1.240701

Then we simplify to 3722.103387.

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