3 years ago

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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