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OpenStudy (anonymous):
what does 5000(1+3.75)^3 equal
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OpenStudy (anonymous):
535859.375
OpenStudy (anonymous):
That is not correct.. I did this problem earlier and the 3 3/4 percent interest should be 5000(1 + .0375)^3
OpenStudy (anonymous):
my answer is not correct? or the problem is not correct..?
OpenStudy (anonymous):
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.
OpenStudy (anonymous):
Yeah...so he is using the p*e^rt equation?
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