Question

If the present value of an investment is $5,000, what will be its future value in three years if you apply a compound interest of 5 percent to it?
$5770
$5778
$5877
$5766
$5788

Answer 1

$5788 because if you add 5 percent of 5000, and then add on 5 percent of that number, you get 5788 after 3 years

Answer 2

It would be  5,788


Good luck!