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24 December, 02:30

Jeff invested $3000 in an account that earns 6.5% interest, compounded annually. The formula for compound interest is A=P (1+I) t.

How much did Jeff have in the account after 3 years?

A. $13,476.38

B. $3623.85

C. $3390.00

D. $9585.00

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Answers (1)
  1. 24 December, 02:56
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    After 3 years, Jeff had B. $3623.85 in the account.
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