Question

what will the amount when principal is equal to 9000 time 3 years rate is equal to 3%​

Answer 1

Refer the attachment...✌

Answer 2

Answer:

STEP 1: To find amount we use formula:

A=P(1+rn)n⋅t

A = total amount  

P = principal or amount of money deposited,

r = annual interest rate  

n = number of times compounded per year

t = time in years

In this example we have

P=$3500 , r=10% , n=12 and t=8 years

After plugging the given information we have

AAAA=3500(1+0.112)12⋅8=3500⋅1.00833396=3500⋅2.218105=7763.37

STEP 2: To find interest we use formula A=P+I, since A=7763.37 and P = 3500 we have:

A7763.37II=P+I=3500+I=7763.37−3500=4263.37

Step-by-step explanation: