Question

Archie deposited $67,013.26 in a savings account earning 3.2% interest, compounded annually. To the nearest cent, how much will he have in 3 years? How much interest will he have earned?

Answer 1

per the usual formula, the amount will be
67013.26(1.032)^3 = ______
now subtract the original amount to reveal the interest portion of the total.