Question

Sally puts $200.00 in a bank account. This account earns 8% compound interest. How much money is in the account after three years?
A
$151.94
B
$240.00
C
$251.94
D
$160.00


I really need help on how to solve this, I tried all the stuff I learned this unit, but I can't really solve it correctly, so I'd really appreciate help.

Answer 1

200 (1.08)^3

Answer 2

Thank you very much!
My answer is 251.94, is that correct?

Answer 3

yes

Answer 4

Unit 6 lesson 6 Portfolio PreAlgebra answers for Triand.
1. B
2. D
3. D
4. D
5. B
6. C
7. B
8. C
9. D
10. D
11. A
12. B
13. A
14. B
15. B
16. C

Answer 5

Wow is correct