# Math Help!

On your birthday, you deposit \$540.00 in an account that pays 6% interest, compounded annually. How much is in the account 3 years later?
(1 point)
• \$637.20
• \$543.18
• \$643.15***
• \$1,717.20

1. 👍
2. 👎
3. 👁
1. Yes, you're right.

1. 👍
2. 👎
👤
Ms. Sue
2. Yes, you're right for now

1. 👍
2. 👎
3. how did you get that answer

1. 👍
2. 👎
4. when i did it it always came out as 190.8

1. 👍
2. 👎
5. Basically you add 1 + 0.06 and multiply 1.06 x 1.06 x 1.06 (3 times total), then you multiply the result by 540 and you get something around 643.15.

1. 👍
2. 👎

## Similar Questions

1. ### Math help! Check my answers ASAP!

1. Which graph most likely describes the distance a person walks in a 24-hour period? (1 point) a. Graph IV** b. Graph II c. Graph I d. Graph III 2. A car traveling at 25 mi/h accelerates to 48 mi/h over the first 5 seconds. It

2. ### math 107

You deposit \$4000 each year into an account earning 6% interest compounded annually. How much will you have in the account in 30 years?

3. ### College Business

You deposit \$3000 each year into an account earning 7% interest compounded annually. How much will you have in the account in 35 years?

4. ### algebra

Four different accounts are described below. Order the accounts according to their values after 20 years, from greatest to least. 1.You deposit 1500\$ in an account that earns 5% annual interest compounded quarterly. 2. You deposit

1. ### Finance

Suppose you have \$2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. How much will you have when the CD matures?

2. ### differential equation

If P(t) is the amount of dollars in a savings bank account that pays a yearly interest rate of r% compounded continuously ,then dP/dt=(r/100)(P) , t in years . Assume the interest is 5% annually ,P(0)=\$1000 ,and no monies are

3. ### math

You deposit \$2200 in an account that pays 3% annual interest. After 15 years, you withdraw the money, what is the balance if the interest is compounded quarterly? so I figure you would get 2650.00 help please

4. ### fin

If you deposit \$10,000 in a bank account that pays 10 percent interest annually, how much money will be in your account after 5 year?

1. ### algebra

You deposit \$500 in an account that pays 3% annual interest. Find the balance after 2 years if the interst is compounded with the given frequency. a) annually b) quarterly c) daily

2. ### MATH

An investor puts ​\$500 in an account that pays 3​% interest compounded annually. Find the account balance after 6 years.

3. ### math

How much would you need to deposit in an account now in order to have \$5000 in the account in 13 years? Assume the account earns 9% interest compounded semi-annually. Round your answer to the nearest cent.

4. ### alegbra 2

Earning interest- You deposit \$1000 in an account that pays 6% annual interest compounded continuously. Find the balance at the end of 2 years.