given:
$3,000 in an account that earns 4% compound interest after 6 years.
solution:
[tex]p = 3000[/tex]
[tex]r = 4[/tex]
[tex]t = 6years[/tex]
[tex]interest = \frac{prt}{100} [/tex]
[tex] = \frac{3000 \times 6 \times 4}{100} [/tex]
[tex] = 720[/tex]
therefore, $720 is the current amount of interest.
