Relax

Respuesta :

Given that:

Principal amount, P = $2315

Rate of interest, r = 14% = 0.14

Number of years, n = 3

Use the formula

[tex]A=P(1+\frac{r}{n})^n[/tex]

Substitute the given values.

[tex]\begin{gathered} A=2315(1+\frac{0.14}{3})^3 \\ =2315(1.04667)^3 \\ =2654.46 \end{gathered}[/tex]