SOLUTION: $900 deposited at an interest rate of 3% for 5 years

Algebra ->  Algebra  -> Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: $900 deposited at an interest rate of 3% for 5 years      Log On

Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

   

Question 141595: $900 deposited at an interest rate of 3% for 5 years
Answer by checkley77(12569) About Me  (Show Source):
You can put this solution on YOUR website!
900(1+.03)^5
900(1.03)^5
900*1.1593=1,043.37 answer.