MairOgrady13 MairOgrady13

12-10-2018
Mathematics

contestada

Please answer quickly! I’m so confused and I have no idea what to do! I will mark brainliest!

Please answer quickly Im so confused and I have no idea what to do I will mark brainliest class=

Respuesta :

12-10-2018

Since this problem is compound interest, the formula would be:
500×(1.03)^20 = 903.056

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mrworldwide mrworldwide

12-10-2018

We can use the I=P(1+RT) formula here.

I = 500(1+(0.03)(20))

I= 500(1.6)

I = $800

Answer Link

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