# Find the final balance of an account with 820 dollars and annual 4% interest for 3 years

$29.10****

$98.40

$852.80

$918.40

## Yes, 918.40 is correct.

## I friends the right answer is D.

Glad I could help!

## is that correct?

## sorry, must've got confused. I changed my answer to $918.40

## @steve you dont gotta be rude, its better to be kind :)

## To find the final balance of an account with $820 and an annual interest rate of 4% for 3 years, you can use the formula for compound interest:

A = P(1 + r/n)^(nt)

Where:

A is the final balance

P is the principal amount (initial balance)

r is the annual interest rate (in decimal form)

n is the number of times the interest is compounded per year

t is the number of years

In this case, the principal amount (P) is $820, the annual interest rate (r) is 4% (or 0.04 in decimal form), the number of times the interest is compounded (n) is generally not given, so we'll assume it's compounded annually, and the number of years (t) is 3.

A = 820(1 + 0.04/1)^(1*3)

A = 820(1 + 0.04)^3

A = 820(1.04)^3

A = 820(1.124864)

A ≈ 920.35

So, the final balance of the account after 3 years would be approximately $920.35.

None of the given options match the calculated final balance.