SOLUTION: Bryan invests $4000 in a savings account that pays 5% compounded annually. How much will be in the account at the end of 3 years?
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Question 247336: Bryan invests $4000 in a savings account that pays 5% compounded annually. How much will be in the account at the end of 3 years?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
p(1+r)^t
4,000(1+.05)^3
4,000*1.05^3
4,000*1.1576=$4,630.50 ans.
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