lexipop2006 lexipop2006

20-04-2021
Mathematics

contestada

Lin opened a savings account that pays 5.25% interest and deposited $5000. If she makes no deposits and no withdrawals for 3 years, how much money will be in her account?

Respuesta :

madethisfortwitch1 madethisfortwitch1

20-04-2021

Answer:

$5829.57

Step-by-step explanation:

Annually compounding interest formula: [tex]PV(1+i)^t[/tex]

5000(1+.0525)^3

5829.567266

which rounds to: 5829.57

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