asked 58.7k views
7 votes
Marcos goes to a bank and opens a new account.

He deposits $6,500.
The bank pays 1.4% interest compounded annually on this account.
Marcos makes no additional deposits or withdrawals.
Which amount is the closest to the account balance at the end of 3 years?


$6,591.00

$6,683.27

$6,773.00

$6,776.83

2 Answers

12 votes

Answer:

d

Step-by-step explanation:

answered
User Gibor
by
8.5k points
12 votes

Answer:

$6,776.83

Step-by-step explanation:

6500(1.014)³ ≈ $6,776.83

answered
User Kachna
by
7.7k points
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