help please will mark brainliest answer!!! ASAP!!!

What is the final balance for an account starting with $3000 at 2.5% interest compounded annually for 4 years?

A = P(1 + r)t

Respuesta :

A = P(1+r)^t  where P is the principal (starting) amount, r is the rate of interest, and t is time. Knowing this, plug in your values:

A = 3,000(1+0.025)^4 < this is what your equation should look like. Once you enter this into a calculator, you should get an answer of $3,311.438672. Round, and you'll be finished.

Answer: The final balance on the account will be $3,311.44