Respuesta :
A=P(1+r/n)^nt- Compound formula
P = $200
r = 4% = 0.04
n = 12 -Amount of months in a year
t = 3 years
A = 200(1 + 0.04/12)^12 × 3
A = 200(1 + 0.0033)^36
A = 200(1.0033)^36
A = $225
Answer:
225 will be the future value
Step-by-step explanation:
Monthly , 3 years = 36 periods
4% = .04 in decimal .04/12 = monthly period interest
future value = 200 ( 1 + .04/12)^36 = 225.45
subtract the orignal deposit to get the interest gained
