document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=828832>Question 828832</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Don put $5,000 in a savings account with an interest rate of 5% for three years. If the interest is compounded annually, how much money will he have at the end of the three years?<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #499558 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=499558\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Amount A = P(1+r)^n\r<BR>\n" );
document.write( "\n" );
document.write( "r=5%=0.05<BR>\n" );
document.write( "P=5000<BR>\n" );
document.write( "A= accrued amount\r<BR>\n" );
document.write( "\n" );
document.write( "A=5000*(1+0.05)^3\r<BR>\n" );
document.write( "\n" );
document.write( "5788.13\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );