document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=858156>Question 858156</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A 5000 is invested for 3 years at 10 percent,compounded annually.Calculate the amount to be received after 3 years? Also calculate the amount of interest that will be earned? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #517133 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=517133\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A 5000 is invested for 3 years at 10 percent,compounded annually.Calculate the amount to be received after 3 years? Also calculate the amount of interest that will be earned?<BR>\n" );
document.write( "***<BR>\n" );
document.write( "compound interest formula: A=P(1+i)^n, p=initial amount invested, i=interest rate per period, A=amount after n periods.<BR>\n" );
document.write( "For given problem:<BR>\n" );
document.write( "P=5000<BR>\n" );
document.write( "i=10%<BR>\n" );
document.write( "n=3<BR>\n" );
document.write( "..<BR>\n" );
document.write( "A=5000(1+.10)^3=5000(1.1)^3=6655<BR>\n" );
document.write( "6655-5000=1655<BR>\n" );
document.write( "amount to be received after 3 years: 6655<BR>\n" );
document.write( "amount of interest that will be earned:1655<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );