Mathematics

Kelvin Miles

12 February, 02:28

William invested $7000 in an account that earns 4.5% interest, compounded annually. The formula for compound interest is A (t) = P (1 + i) t. How much did William have in the account after 3 years? A. $21,340.38 B. $7988.16 C. $7094.93 D. $7945

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1,000 at 6% annual interest