Question

If $1,000 is invested in an account that pays 5% interest compounded annually an expression that represents the amount in the account at the end of five year

Answer 1

The formula for this is: A=P(1+r/n)^(nt)
A = amount in the account
P = amount you start with
r = rate it is compounded
t = time (in years)
n = number of times per year

Since you are looking for A, you can solve right away.
A = $1,000(1+0.05)^(5)
A = $1276.28

Answer 2

Answer:

1000(1.05)^5

Step-by-step explanation:

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