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To the nearest cent, how much interest will she earn in 3 years?


Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Correct answers only To the nearest cent how much interest will she earn in 3 years Use the formula B p1 rt where B is the balance final amount p is the princip class=

Respuesta :

jasdul1375

Answer:

1180.12

Step-by-step explanation:

p= 4000

r = 9% =0.09

t =3

plug in into  B = p(1 + r)^t

B = 4000(1 + 0.09)^3

B = 4000(1.09)^3

B =5180.116 round to the 2 decimals

B = 5180.12

make the difference between B, the balance (final amount) and  p, the principal (starting amount) = 5180.12-4000 =1180.12

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