document.write( "Question 1159248: If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound interest) at the end of the loan if the interest compounds annually for 3 years? (Round your answer to the nearest dollar.) \n" ); document.write( "
Algebra.Com's Answer #782293 by mananth(16946)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( "Amount = = 5000 *( 1 + 0.1 )^ 1 * 3 \n" ); document.write( " \n" ); document.write( " 5000 *( 1.1 )^ 3 \n" ); document.write( "Amount = 6655.00 \n" ); document.write( " \n" ); document.write( " |