ayannapeterson456 ayannapeterson456
  • 11-10-2020
  • Mathematics
contestada

If you deposit $5000 into an account that pays 3% annual Interest compounded -annually, how much money will you have after 2 years?

Respuesta :

16naktar
16naktar 16naktar
  • 11-10-2020

Answer:

$5304.5

Step-by-step explanation:

5000 x 1.03²  

1.03=3%

x² =2 years

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