12792193
12792193 12792193
  • 13-04-2021
  • Mathematics
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Liam invests $5,000 in an account that pays 2.5% compound interest annually. He uses the expression P(1+r)t to find the total value of the account after t years. What will be the total value of the account after 3 years?

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PANDA4311
PANDA4311 PANDA4311
  • 13-04-2021

Answer:

The final balance is $5,389.

The total compound interest is $389.

Step-by-step explanation:

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