34,100 at 4% for 3 years

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asked Jul 27, 2019 84.2k views

1 Answer

NickFitz · Answer 1 · 2019-07-31T04:29:22+0000

You don't say whether you want simple interest or compound interest. I will assume you want the latter.

A = Compound Amount = P(1+0.04)^3
= $34100(1+0.04)^3 = $38357.86 (answer)

34,100 at 4% for 3 years

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