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Firlakuza [10]
3 years ago
13

If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years?

Mathematics
1 answer:
Luba_88 [7]3 years ago
4 0
Interest formula: A=P(1 + r)^t
A = 10000(1 + 0.1)^5
A = 10000(1.01)^5
A = 10000(1.0510100501)
A = $10,510.10
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GaryK [48]
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