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AURORKA [14]
3 years ago
9

Aunty Milie gives Simon $150 for his birthday. He invests the money in a bank at a rate of 6% per year compound interest. Calcul

ate the total amount simon will have after a 3 years.
Mathematics
1 answer:
Savatey [412]3 years ago
5 0
Hi there
A=p (1+r)^t
A future value?
P present value 150
R interest rate 0.06
T time 3 years

A=150×(1+0.06)^(3)
A=178.65

Hope it helps
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