Question

$1280 at 13% compounded annually for 3 years

Find each balance.

Use the formula B= p(1+r)n

Answer 1

well if 13% is the rate
$1280 is the price
n is the number of years
so 1280(1+.13)3
1280 x 1.13 x 3
4339.2 i think

well this is a pretty tough question, and i thought i was doing hard stuff in GEM

Answer 2

thanks Ryan!