3 years ago

James invests $5,072 in a savings account

Mathematics

1 answer:

Sergeu [11.5K]3 years ago

5 0

Answer:

$13087.92

Step-by-step explanation:

formula: ab^x

a= starting amount

a= 5072

b= 1+r

r=rate

r=9%=0.09

b=1+0.09 =1.09

x= 11 (years)

account after 11 years:

= 5072(1.09)^11

=13087.9227277

= 13087.92

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