Y = 12.1% x 13 + 351
y= 0.012 x 13 + 351
y= 1.573 + 351
y= 352.573 or $352.6
I would go with C. like the other person
<h3>Answer: $26.62 </h3>
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Work Shown:
P = 20 is the amount deposited
r = 0.10 is the decimal form of the 10% interest rate
n = 1 means we compound 1 time per year (annually)
t = 3 is the number of years
Plug those four values into the compound interest formula below
A = P*(1+r/n)^(n*t)
A = 20*(1+0.1/1)^(1*3)
A = 20*(1+0.1)^(3)
A = 20*(1.1)^(3)
A = 20*1.331
A = 26.62
Answer:
C
Step-by-step explanation:
Tell me if you need or want an explanation
