Question

what does 5000(1+3.75)^3 equal

Answer 1

535859.375

Answer 2

That is not correct.. I did this problem earlier and the 3 3/4 percent interest should be
5000(1 + .0375)^3

Answer 3

my answer is not correct? or the problem is not correct..?

Answer 4

I think his problem was incorrect. I think he wants to add 3 3/4 percent interest over 3 years. You were correct in what was shown.

Answer 5

Yeah...so he is using the p*e^rt equation?