Question

jose invests 3,250 at a 6% interest compounded anually. What will be the balance in the account after 3.5 years.
a. 3,032.50
b. 3,985.23
c. 4,752.00*
d. 5,200.00

check plz

Answer 1

3250 (1 + .06)^3

none of the answers is correct

3.5 years with annual compounding means that only 3 compounding periods have occurred

Answer 2

where tf mr sue at lmso