SOLUTION: Nate invests $3000 at a 6% interest rate for 3 years. If interest is compounded annually, how much money will he have at the end of 3 years? .

SOLUTION: Nate invests $3000 at a 6% interest rate for 3 years. If interest is compounded annually, how much money will he have at the end of 3 years? .

Algebra.Com

Question 366479: Nate invests $3000 at a 6% interest rate for 3 years. If interest is compounded annually, how much money will he have at the end of 3 years?
.

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=3000(1+0.06)^3
A=3000*1.191
A=$3573
RELATED QUESTIONS
how much money will Jamie have in 3 years if he invests $5000 at a 3.85% annual rate of... (answered by lwsshak3)

If I invest $150.00 in an account for ten years at a 6% interest rate compounded... (answered by solver91311)

Nancy invests $100 in one account for 10 year at a 9% interest rate compounded annually,... (answered by rfer)

Don put $4,000 in a savings account with an interest rate of 5% for three years. If the... (answered by checkley79)

Don put $5,000 in a savings account with an interest rate of 5% for three years. If the... (answered by mananth)

Josh invests $50 weekly for 6 years in his savings account that has a 2.8% interest rate, (answered by Theo,ikleyn)

Adam invests 16,000 in an investment certificate (GIC) at pays 3 percent, compounded... (answered by ewatrrr)

How much money will be in a bank account after 4 years if $9 is deposited at an interest... (answered by jorel1380)

kimi invests $4000 at 3% interest compounded continuously. how much money will she have... (answered by ikleyn)