Maaarriii Maaarriii

11-07-2017
Mathematics

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

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arokoyuola arokoyuola

11-02-2020

Answer:

Step-by-step explanation:

A = P (1 + i)³

A = final amount

P = principal

i = interest

3 = 3 years

A = $600 (1 + 0.08)³

A = $600 (1.26)

A = $756

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