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Mathematics 21 Online
OpenStudy (anonymous):

what does 5000(1+3.75)^3 equal

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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