biabarnetieL biabarnetieL

11-11-2016
Mathematics

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raul invests $1000 in a savings account that earns 5% interest compounded annually. how much money will he have in the account at the end of 5 years

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19rlauderman 19rlauderman

11-11-2016

it will have 15,000 dollars in the savings acount\

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nobillionaireNobley nobillionaireNobley

16-11-2016

Amount in the bank account = 1000(1 + 0.05)^5 = $1,276.28

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