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Vitek1552 [10]
2 years ago
12

Lin opened a savings account that pays 5.25% interest and deposited $5000. If she makes no deposits and no withdrawals for 3 yea

rs, how much money will be in her account?
Mathematics
1 answer:
Alexxandr [17]2 years ago
7 0

Answer:

$5829.57

Step-by-step explanation:

Annually compounding interest formula: PV(1+i)^t

5000(1+.0525)^3

5829.567266

which rounds to: 5829.57

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