radomes.openskiesproject.org
djdjdjdk djdjdjdk
  • 14-02-2017
  • Mathematics
Answered

A $6,300.00 principle earns 6% interest, compounded annually. After 3 years, what is the balance in the amount?

A$1,360,800.00
B$7,503.40
C$7,434.00
D$25,804.80

Verified Answer :

disgurlsgotswag
disgurlsgotswag disgurlsgotswag
  • 14-02-2017

heres your answer amount = 6300(1.06)^3 
= 7503.40 

Answer Link
xXthemadkatterXx
xXthemadkatterXx xXthemadkatterXx
  • 16-02-2017

I believe that the answer would be option B- $7,503.40

I hope this helps! 

Answer Link

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