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A $6,300.00 principal earns 6% interest, compounded annually. after 3 years, what is the balance in the account? a.1,360,800b. 7,503c.7,434d.25, 804

A $6,300.00 principal earns 6% interest, compounded annually. after 3 years, what is the balance in the account? a.1,360,800b. 7,503c.7,434d.25, 804
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A $6,300.00 principal earns 6% interest, compounded annually. after 3 years, what is the balance in the account?

a.1,360,800b. 7,503c.7,434d.25, 804

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User Sam Oliver
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1 Answer

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A=6,300×(1+0.06)^(3)
A=7,503.40
answered
User Graham Griffiths
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8.5k points
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