Respuesta :

principal = $70

rate = 2%=2/100=0.02

time = 3 years

[tex]A=p(1+\frac{r}{n})^{nt}[/tex]

Therefore,

[tex]\begin{gathered} A=70(1+0.02)^3 \\ A=70(1+0.02)^9 \\ A=70(1.02)^3 \\ A=70\times1.061208 \\ A=74.28456 \\ A=\text{ \$74}.28 \end{gathered}[/tex]

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