Answer: C. $3709
Step-by-step explanation:
Using the formula to calculate amount(A) , which is given as :
A = p [tex](1+r)^{n}[/tex] , where
A = amount
P = principal
r = rate
n = number of years
From the question,
A = ?
P = $3000
r = 3.6%
n = 6
substituting into the formula , we have
A = 3000[tex](1+0.036)^{6}[/tex]
A = 3000 [tex](1.036)^{6}[/tex]
A = 3000 (1.236398679)
A = 3709. 196038
To the nearest dollar
A = $3709
