Ask Question
30 September, 20:50

How much would $600 invested at 8% interest compounded annually be worth after 3 years? Round your answer to the nearest cent.

+5
Answers (2)
  1. 30 September, 23:07
    0
    The formula is

    A=p (1+r) ^t

    A future value?

    P present value 600

    R interest rate 0.08

    T time 3years

    A=600 * (1+0.08) ^ (3)

    A=755.83
  2. 1 October, 00:37
    0
    Total = principal * (1 + rate) ^years

    Total = 600 * (1.08) ^3

    Total = 600 * 1.259712

    Total = 755.83
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How much would $600 invested at 8% interest compounded annually be worth after 3 years? Round your answer to the nearest cent. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers