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serg [7]
3 years ago
15

An investor puts ​$900 in an account that pays 3% interest compounded annually. find the account balance after 5 years.

Mathematics
1 answer:
taurus [48]3 years ago
8 0
<span>Total = Principal × ( 1 + Rate )<span>^years
</span></span><span>Total = 900 * (1.03)^5
</span>Total = 900 * <span> <span> <span> 1.1592740743 </span> </span> </span>
Total = <span> <span> <span> 1,043.35

</span></span></span>
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