2. Find the amount of compound interest earned when $5,000 is invested at 3% for 5 years when compounded annually.

Mahib asked Jul 13, 2023

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20 votes

2. Find the amount of compound interest earned when $5,000 is invested at 3% for 5 years when

compounded annually.

Mahib asked Jul 13, 2023

by Mahib

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14 votes

The compound interest earned when $5,000 is invested at 3% for 5 years would be $808.08

SBUJOLD answered Jul 16, 2023

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