This is the concept of application of compound interest, to calculate the amount I will have after the 5th deposit we proceed as follows;
A=p(1+r/100)^n
where;
A=future amount
p=principle
r=rate
n=number of years
thus substituting the values in our formula we get:
A=3,100(1+8.5/100)^5
A=3,100(1+0.085)^5
A=3100(1.085)^5
A=4,666.34
The amount of money after 5 years will be $4,666.24
Answer:
dozen
Step-by-step explanation:
× 3 = 
× 2 = 
is equal to 
5 + 4 = 9 + = dozen
Answer:
R= 4.6 in
Step-by-step explanation:
Lol
Answer:Three zeros
Step-by-step explanation:
Just multiply them and see.
