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What is the total amount that first consumer bank revive after lending Jane $7,000 for three years at an interest rate of 5 percent compounded annually

What is the total amount that first consumer bank revive after lending Jane $7,000 for three years at an interest rate of 5 percent compounded annually
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What is the total amount that first consumer bank revive after lending Jane $7,000 for three years at an interest rate of 5 percent compounded annually

User Oscar Peli
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1 Answer

4 votes
7000(1+.05)^3=8103.38
User Andrew Song
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