douby45 douby45

11-10-2020
Mathematics

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Question 5
An investment of $45 earns 20% interest compounded annually for 3 years. How much is to worth?
O $90.90
O $77.76
O $9.83
O $113.73

Respuesta :

sqdancefan sqdancefan

11-10-2020

Answer:

$77.76

Step-by-step explanation:

The future value formula is useful:

FV = P(1 +r)^t

FV = $45(1.20^3) = $45·1.728 = $77.76

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