Register

What is the final balance for the investment? $1200 for 3 years at 3% compounded annually A. $1311.27 B. $72.00 C. $2636.40 D. $1272.00

What is the final balance for the investment? $1200 for 3 years at 3% compounded annually A. $1311.27 B. $72.00 C. $2636.40 D. $1272.00
asked 86.1k views
3 votes
What is the final balance for the investment? $1200 for 3 years at 3% compounded annually

A.
$1311.27

B.
$72.00

C.
$2636.40

D.
$1272.00

asked
User Chava
by
8.3k points

1 Answer

6 votes
The amount is $1311.27 and the interest is $111.27.
answered
User CHao
by
8.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!