Answer:
$283.7
Step-by-step explanation:
The formula of compound interest is given as
[tex]A = P(1 + \frac{r}{100 \times n} )^{tn}[/tex]
where, P is the invested principal amount.
A is the amount the sum finally grows up to.
t is the number of years the principal is invested for.
r = the % annual compound interest rate.
and n is the number of times the principal is compounded in each year.
Now, in our case P = $200, r = 6%, t = 6 years and n = 1
So, [tex]A = 200(1 + \frac{6}{100} )^{6} = 283.7[/tex] Dollars (Answer)
