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15 August, 15:15

Harry invests 6000 in a savings account. The account pays 3.4% compound interest per year. Work out the value of his investment after three years. Give your answer to the nearest penny

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  1. 15 August, 15:56
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    6000 * [ (1+.034) ^3]-1

    6000 * [ ((1.034) ^3) - 1-]

    6000 * [1.105507304-1]

    6000*.105507304

    6,633.043824

    rounded: 6633.04
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