Your answer is incorrect.

A principal of
$1500
is invested at
3%
interest, compounded annually. How much will the investment be worth after
5
years?
Use the calculator provided and round your answer to the nearest dollar.

Question

Your answer is incorrect.

A principal of 
$1500
 is invested at 
3%
 interest, compounded annually. How much will the investment be worth after 
5
 years?
Use the calculator provided and round your answer to the nearest dollar.

anwaarullah · Answer

use same formula to find P

mathstudent55 · Answer

$F = P(1 + r)^{t} $

F = future value
P = principal
r = annual interest rate
t = time, number of years