Question

Correct answers only please!

Answer 1

Answer:

$125.97

Step-by-step explanation:

To answer this question, simply plug the known values into the equation. We know that 100 is the principal (starting amount), 0.08 is the interest rate as a decimal, and t is 3 years.

Now plug in all those values to the given formula: B = p(1 + r)^t

Solve, and you end up with $125.9712, rounded to $125.97