Answer:
Amount in his account after 3 years will be $3182.7
So option (b) is correct answer
Explanation:
We have given time n = 2 years
Principal amount P = $3000
Rate of interest r = 3 %
We have to found the amount in his account after 2 year
We know that amount is given by
[tex]A=P(1+\frac{r}{100})^n[/tex]
So amount will be
[tex]A=3000\times (1+\frac{3}{100})^2=$3182.7[/tex]
So the amount in his account after 3 years will be $3182.7
So option (b) is correct option
