Ask Question
6 August, 00:07

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

+1
Answers (2)
  1. 6 August, 00:29
    0
    Total = principal * (1 + rate) ^years

    Total = 600 * (1.08) ^3

    Total = 600 * 1.259712

    Total = 755.83
  2. 6 August, 00:33
    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
Know the Answer?
Not Sure About the Answer?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers