Ask Question
19 August, 09:29

1000 at 6% interest for 3 years

+3
Answers (2)
  1. 19 August, 09:42
    0
    Let's say that I have $1000.00 to invest for 3 years at rate of 6% compound interest.

    M = 1000 (1 + 0.06) ^3 = $1191.16.

    My $1000.00, after 3 years, is worth $1191.16.
  2. 19 August, 09:44
    0
    1,191.016

    Step-by-step explanation:

    6% in decimal form is 0.06. So for every additional year take the total times 1.06 to get the total.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “1000 at 6% interest for 3 years ...” 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