document.write( "Question 1141065: Find the compound amount on a deposit of ​$100 at 5​% for 5 years by multiplying the original amount deposited by​ 100% plus the compound rate. \n" ); document.write( "
Algebra.Com's Answer #761608 by greenestamps(13215) You can put this solution on YOUR website! \n" ); document.write( "100% plus the 5% interest rate is 105%, or 1.05; the growth factor each year is 1.05. In 5 years, the original amount gets multiplied by the growth factor 5 times. \n" ); document.write( " \n" ); document.write( "Use a calculator.... \n" ); document.write( " |