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20 May, 07:09

Harry invests 6000 in the savings account that account payis 3.4% compound interest per year what out the value of his investment after three years give you a real give you answer it to the nearest penny

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  1. 20 May, 08:24
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    Use the compound interest formula:

    A=P (1+R) ^3

    A=6000 (1+.034) ^3 Make sure to change percent to decimal

    A=6000 (1.034) ^3

    A=6000 (1.105507304)

    A=6633.04

    The total after interest of 3 years would be $6,633.04.
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