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vovikov84 [41]
3 years ago
14

Find the balance in the account.

Mathematics
1 answer:
KIM [24]3 years ago
3 0

Answer:

$4138.7

Step-by-step explanation:

P= $3,900

R= 2%

T or n= 3 years

compounded anually (yearly) so:

A= P(1+\frac{R}{100}^n)

A= 3900(1+\frac{2}{100}^3)

A= $4138.7

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