document.write( "Question 1182344: Find the final amount of money in an account if P3 ,500
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document.write( " is deposited at 3% interest compounded annually and the money is left for 5
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document.write( "5years.
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Algebra.Com's Answer #812318 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Find Amount \n" ); document.write( "Principal P = 3500 \n" ); document.write( "Amount= A \n" ); document.write( "years=t 5.00 \n" ); document.write( "compounded 1 time a year n \n" ); document.write( "Rate = 3.00% 0.03 0.03 \n" ); document.write( "A \n" ); document.write( " \n" ); document.write( "Amount = =3500 *( 1 + 0.03 )^ 1 * 5.00 \n" ); document.write( "Amount = 3500 *( 1 + 0.03 )^ 5 \n" ); document.write( " 3500 *( 1.03 )^ 5.00 \n" ); document.write( "Amount = $4057.46 \n" ); document.write( " \n" ); document.write( " |