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Marcia has a compound interest savings account that she initially deposited $1,300. What is the balance in her account after 3 years if the account
Marcia has a compound interest savings account that she initially deposited $1,300. What is the balance in her account after 3 years if the account paid an annual interest rate of 4.6% and the interest was compounded annually. Enter the dollar sign, followed by the dollar amount including any cents. Round to the nearest penny. No space between the dollar sign and the number. Do not use a comma. Example: $3268.42 The compound interest balance function can be written in it's most general form: B left parenthesis 1 right parenthesis space equals " P " plus " P " open parentheses r over 1 close parentheses space times 1 where "P" is the initial principal, or the ending balance from the previous time period, r is the annual interest rate
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