Answer:
$260,416
Step-by-step explanation:
$25,000/(0.032*3)= $260,416
Answer:
$22745 for the initial principal
Step-by-step explanation:
For compound interest for 3 years
P (principal) x (1 + r (interest rate))³ = 25000
P = 25000 / (1 + 0.032)³ = 22745
