Answer:
6632.55
Step-by-step explanation:
P=A*(1+r/100)^x
P=6250*(1+2/100)^3
P=6632.55
Answer:
$6632.55
Step-by-step explanation:
→ Find the multiplier
( 100 + 2 ) ÷ 100 = 1.02
→ Multiply the investment by the multiplier to the power of years
6250 × ( 1.02 )³ = 6632.55