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OpenStudy (anonymous):
a bank is advertising that new customers can open a savings account with a 3 3/4% interest rate compound annually. robert invested $5000 in an account at this rate. if he makes no additional deposits or withdrawals on his account find the amount of money he will have in the next 3 years to the nearest cent.......???
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OpenStudy (amistre64):
P(1+%)^t 5000(1.0375)^3
OpenStudy (amistre64):
$ 5583.857
OpenStudy (anonymous):
thanks!
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