booterpanel booterpanel
  • 16-07-2020
  • Mathematics
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Peter deposited $5000 in a bank paying 5% interest compounded yearly. Find the balance in his account after 3 years.

Respuesta :

Ashveedha
Ashveedha Ashveedha
  • 16-07-2020

Answer:

5750

Step-by-step explanation:

[tex]\frac{5}{100}[/tex]×5000=250

250×3=750

5000+750=5750

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