Question 1160175

Find Amount										
Principal P =	96000									
Amount=	A									
years=n	3.00									
compounded	1	times a year		t						
Rate =	10.00			0.1						
Amount =	P*((n+r)/n)^n*t									
										
Amount =	=	96000	*(	1	+	0.1	)^	1	*	3.00
Amount =	96000	*(	1	+	0.1	)^	3			
	96000	*(	1.1	)^	3.00					
Amount =	127776.00									
										
Interest =	127776	-	96000	=	$31,776