Register

Caelan has $ 7,500 in an account that earns 3.2% compounded interest annually. If she doesn't touch the money, how much will it be after 5 years?

Caelan has $ 7,500 in an account that earns 3.2% compounded interest annually. If she doesn't touch the money, how much will it be after 5 years?
asked 33.6k views
2 votes
Caelan has $ 7,500 in an account that earns 3.2% compounded interest annually. If she doesn't touch the money, how much will it be after 5 years?

asked
User Dierre
by
8.1k points

1 Answer

2 votes

7500(1+0.032)5=

1.032 to the power of 5= 1.171

7500x 1.171=8,782

answered
User Piyush Sanepara
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!