Alice opened a savings account and deposited $3,000.00 as principal. The account earns 4% interest, compounded monthly. What is the balance after 9 years?Use the formula A=P1+rnnt, where A is the balance (final amount), P is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years.Round your answer to the nearest cent.

asked by guest
on Mar 14, 2025 at 7:04 pm



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