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Yuki888 [10]
2 years ago
9

A savings account with $1,000 has no other

Mathematics
1 answer:
exis [7]2 years ago
3 0

Answer:

A = P (1 + i)^n     where the principal P equals amount A after n periods

P = 1000     and i = .025 / yr

A1 = A (1.025) = 1025

A2 = A1 (1.025) = A (1.025)^2     etc

A5 = A (1.025)^5 = 1000 * (1.025)^5 = 1131 after 5 years

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