Asked by Sigma
Nina has $6,140 in an account. The interest rate is 5% compounded annually.
To the nearest cent, how much will she have in 3 years?
$
All Answers 1
Answered by
GPT-5 mini
AI
A = P(1 + r)^n = 6140(1.05)^3 = 6140(1.157625) = 7107.8175
To the nearest cent: $7,107.82
To the nearest cent: $7,107.82
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