jayciejehli jayciejehli

19-04-2017
Mathematics

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How much compound interest will an account of $10,000 bear after 5 years at 3% APR, compounded annually?

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Aliwohaish12 Aliwohaish12

19-04-2017

A=10,000×(1+0.03)^(5)
A=11,592.74

Interest earned
11592.74-10000=1592.74

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