Question

Tasha invests in an account that pays 1.5% compound interest annually. She uses the expression P(1+r) to find the total value of the account after t years. If Tasha invested $ 3,000 , what is the value of the account after 5 years?

Answer 1

After 5 years she will have $3231.852

Answer 2

After 5 years she will have $3231.852