Need help with completing the table below with the amounts you would have if you invested $1,000 for at 5% interest with simple interest and with interest compounded annually. Round to the nearest cent.
Compound Interest
1 year $1050
2 years $
3 years $
4 years $
5 years $

Question

Need help with completing the table below with the amounts you would have if you invested $1,000 for at 5% interest with simple interest and with interest compounded annually. Round to the nearest cent. 	
	Compound Interest
1 year		$1050
2 years		$
3 years		$
4 years		$
5 years		$

anonymous · Answer

Well, the formula for this is I= prt (Interest = price * rate * time)