$2700 is compounded annually at a rate of 12% for 1 year. The formula for compound interest can be found on the formula sheet.
It is A=P(1+r/n)^n+t
First, determine the value for each variable:
P =
r =
- (Remember to convert the percentage to a decimal.)
n =
- (How many times per year is the interest compounded if it is compounded annually?)
t =

Use the vaules above and the compound interest formula to fnd the total amount in the compound interest account.

$
- (Round to the nearest cent.)