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A principle of 5,350 is placed in an account that earns 3.5% interest. If the interest is compounded annually, how much money will be in the account at the end of 5 years?

A principle of 5,350 is placed in an account that earns 3.5% interest. If the interest is compounded annually, how much money will be in the account at the end of 5 years?
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A principle of 5,350 is placed in an account that earns 3.5% interest. If the interest is compounded annually, how much money will be in the account at the end of 5 years?

asked
User James Webster
by
8.6k points

1 Answer

3 votes

Answer:

6,354.12

Explanation:

answered
User Reverend Bubbles
by
8.3k points
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