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Vesnalui [34]
3 years ago
12

HELPP FAST

Mathematics
1 answer:
AnnZ [28]3 years ago
6 0

Answer:

Step-by-step explanation:

A = P(1 + r/n)nt for compound interest

A = final amount

p = principal invested

r = interest rate as a decimal

t = # years invested

In this case A = 1200(1 + .03/1)1(3)

A = 1200(1.03)3

A = 1311.27

To find how much of the final total was interest you must subtract out the principal amount invested

I = 1311.27 - 1200 = $111.27

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