SOLUTION: Glenda deposits 5000.00 in a savings account which pays 5% compounded annually. The money is left for 3 years. Find the account balance at the end of 3 years.
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Question 1197970: Glenda deposits 5000.00 in a savings account which pays 5% compounded annually. The money is left for 3 years. Find the account balance at the end of 3 years. Answer by ikleyn(52781) (Show Source):
the account balance at the end of 3 years is
= = 5788.13 dollars (rounded). ANSWER
Solved.
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To see many other similar (and different) solved problems on compounded interest accounts, look into the lesson
- Compounded interest percentage problems
in this site.
