Question

The formula you need to use is Pe^rt pls help

Answer 1

WE know that

$A=Pe^{rt}$

where A is the future value including interest, P is the the initial deposit, r is the annual interest rate and t is the time. Then in our case

$\begin{gathered} A=300e^{(.01)(3)}^{} \\ =309.1 \end{gathered}$

Then after three years we have 309.1. Substracting the initial deposit, we see that we earned 9.1 dollars.