caculate the final balance after compounding the interest. round to the nearest cent,?

Question

principle-$350 interest rate- 6% time(in years)- 6 final balance-?

here are my choices of answers: A) final balance: $126.00 B) final balance:$496.48 C) final balance: $498.98 D) final balance:$ 506.48

Answer 1

The formula you want is

A*(1+R)^N

where A = 350
R = 6%
N = number of periods = 6

Answer = 496.48

Answer 2

Positively B: 496.48...........