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Isaacmusic123 Isaacmusic123
  • 02-04-2016
  • Mathematics
Answered

What is the final balance for the investment? $1000 for 3 years at 6% compounded annually A. $1810.64 B. $4096.00 C. $1060.00 D. $1191.02

Verified Answer :

ThrowerGurl2152
ThrowerGurl2152 ThrowerGurl2152
  • 02-04-2016

The equation would be y=1000(1.06)^x, plug a 3 in for x, and you get that the answer is D. $1191.02.

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