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OpenStudy (purplemexican):
Raul invests $1000 in a savings account that earns 5% interest compounded annually. How much money will he have in the account at the end of 5 years?
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Vocaloid (vocaloid):
money = (investment)(1+interest/100)^(years)
OpenStudy (calculusxy):
It's 5% interest being added on annually, thus you have \[5(0.05) + $1000\]
OpenStudy (calculusxy):
@purplemexican Is the expression clear?
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