NEED HEL
An investor puts $200 in an account that pays 7% interest, compounded annually. Find the amount in the account after 3 years.

$245.01

Step-by-step explanation:

A=P(1+rn)n⋅t

A = total amount

P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

In this example we have

P=$200 , r=7% , n=1 and t=3 years

After plugging the given information we have

A=200(1+0.071)1⋅3=200⋅1.073=200⋅1.225043=245.01

Hope this helps, give me brainliest

$245.0086

Step-by-step explanation:

Principal(p)=$200

Rate(r)=7%

Time(n)=3years

Amount(a)=?

a=p(1+r/100)^n

a=200(1+7/100)^3

a=200(1+0.07)^3

a=200(1.07)^3

a=200x1.225043

a=$245.0086

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step-by-step explanation:

i dont know men

step-by-step explanation: