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What is the final balance for the investment? $1500 for 3 years at 10% compounded annually A. $1625.00 B. $1875.00 C. $1996.50 D. $2110.50

What is the final balance for the investment? $1500 for 3 years at 10% compounded annually A. $1625.00 B. $1875.00 C. $1996.50 D. $2110.50
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What is the final balance for the investment? $1500 for 3 years at 10% compounded annually    A.

$1625.00    B. $1875.00    C. $1996.50    D. $2110.50
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User Richard Ayotte
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the\ final\ balance:\\ \\FB=1500\cdot(1+ (10)/(100) )^3=1500\cdot(1,1)^3=1500\cdot1.331=1,996.50\ [\$]\\ \\Ans.\ C
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User Charsi
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