Answer
$(1+r)^2$
Work Step by Step
balance after one year: $P*(1+r)$
balance after three years: $P*(1+r)^3$
$P*(1+r)^3: P*(1+r)$
$(1+r)^3: (1+r)$
$(1+r)^2$
Algebra 1
by Hall, Prentice
Published by
Prentice Hall
ISBN 10:
0133500403
ISBN 13:
978-0-13350-040-0
Chapter 11 - Rational Expressions and Functions - 11-1 Simplifying Rational Expressions - Practice and Problem-Solving Exercises - Page 656: 44
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