sammylox sammylox

13-05-2014
Mathematics

Answered

What is the final balance for the investment? $1500 for 3 years at 10% compounded annually A.$1625.00 B.$1875.00 C.$1996.50 D.$2110.50

Answer :

kate200468 kate200468

13-05-2014

[tex]the\ final\ balance:\\ \\FB=1500\cdot(1+ \frac{10}{100} )^3=1500\cdot(1,1)^3=1500\cdot1.331=1,996.50\ [\$]\\ \\Ans.\ C[/tex]

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