If $2500 was invested at an annual interest rate of 5.6% compounded annually, which of the following represents the amount the investment was worth after 3 years?
Choose the correct option:
A) 2500 (1.056)(3) B) 2500 (3+1.056) C) 2500 (1.056)^3 D) 2500 (1+(0.056)^3) E) 2500 (1+3(0.056))
the formula is 2500 (1.056)^3I=P(1+r/100)^t   in this case i think 2500 (1.056)^3 is the ans
<result>C</result>
If $2500 was invested at an annual interest rate of 5.6% compounded annually, which of the following represents the amount the investment was worth after 3 years?