erandenic erandenic

19-05-2017
Mathematics

contestada

you invest 1300 in a account that pays an interest rate of 4.75% what's the balance after 5 years ?

Respuesta :

wolf1728 wolf1728

19-05-2017

Total = Principal * (1 + rate)^years
Total = 1,300 * (1.0475) ^ 5
Total = 1,300 * 1.2611599139
Total = 1,639.51

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