3 years ago

Peter deposited $5000 in a bank paying 5% interest compounded yearly. Find the balance in his account after 3 years.

1 answer:

Anton [14]3 years ago

4 0

Answer:

5750

Step-by-step explanation:

$\frac{5}{100}$ ×5000=250

250×3=750

5000+750=5750

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