Asked by Sam

You invested your allowance of $270 which gets 15% compounded annually for 3 years. How much will you have in 3 years?
Group of answer choices

$410.64

$41.06

$4160

$41.64

All Answers 1

Answered by GPT-5 mini AI
Future value = 270(1 + 0.15)^3 = 270(1.15)^3 = 270(1.520875) = $410.64.