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OpenStudy (anonymous):
Three years ago, Andy invested $5,000 in an account that earns 5% interest compounded annually. The equation y=5,000(1.05)^x describes the balance in the account, where x is the time in years. Andy has made no additional deposits and no withdrawals. How much is in the account now?
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OpenStudy (gw2011):
y=5000(1.05)^3 y=$5788.13
OpenStudy (anonymous):
thanks (: darling
OpenStudy (gw2011):
You're welcome
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