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 :

Thelondonbrain Thelondonbrain

11-10-2020

Answer:

$5130.84

Step-by-step explanation:

100 + 3 = 103%

103% = 1.013

$5000 x 1.013^2 = $5130.84

Hope this helps!

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