A principal of $3500 is invested at 5% interest, compounded annually. How much will the investment be worth after 10 years?

Mathematics

2 answers:

FinnZ [79.3K]3 years ago

7 0

Answer:

$5250.00

Step-by-step explanation:

3500 x 5% x 10

3500 x 0.05 x 10 = 1750

Then add 3500 with 1750

$5250.00

Lynna [10]3 years ago

4 0

Answer:

$5250.00

Step-by-step explanation:

3500 x 5% x 10

3500 x 0.05 x 10 = 1750

add 3500 with 1750

$5250.00

that is what i got

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