Answer:
I don't understand.
Step-by-step explanation:
8.57 change. 3.079 - 3.4999. divided by 3.499. multply by 100
608
607.5
.5 rounds up to 1
607+1=608
The standard compound interest formula is
Future value after x years with an annual interest of i
=Present Value (1+i)^x [which is an exponential function]
for given present value of $360. interest=0.03 (3%) and a total of x years, above equation reduces to
Future value after x years
=360(1.03^x)
