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Omar deposits $300 in an account earning 3% interest compounded annually. How much interest will the account earn after 5 years if he makes no withdrawals

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asked Mar 13, 2018 102k views

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Omar deposits $300 in an account earning 3% interest compounded annually. How much interest will the account earn after 5 years if he makes no withdrawals

Mathematics
middle-school

FChiri asked

by FChiri

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Do 300 times by 1.03 to the power of 5

Eujin answered Mar 19, 2018

by Eujin

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Omar deposits $300 in an account earning 3% interest compounded annually. How much interest will the account earn after 5 years if he makes no withdrawals

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