Respuesta :
On this part, you can use the formula for compound interest:
F = P(1+i)^n
F = future worth of $
P = present worth of $
i=interest
n=years
F = 2700(1+0.03)^1
F = 2781
So interest = 2781-2700 = $81
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F = P(1+i)^n
F = future worth of $
P = present worth of $
i=interest
n=years
F = 2700(1+0.03)^1
F = 2781
So interest = 2781-2700 = $81
I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
Answer:
The interest is $ 81.00.
Step-by-step explanation:
∵ Interest formula for one year is,
[tex]I=\frac{P\times r}{100}[/tex]
Where,
P = principal amount,
r = annual rate of interest,
Here, P = $ 2,700, r = 3%
Thus, the interest after 1 year would be,
[tex]A=\frac{2700\times 3}{100}[/tex]
[tex]=\frac{8100}{100}[/tex]
[tex]=\$ 81[/tex]
Hence, SECOND option is correct.
