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

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Jan 18, 2018 96.2k views

1 vote

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

Mathematics
high-school

Hynek asked

by Hynek

6.7k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

7 votes

Answer: $8103.38 because:
7000(1+.05)^3
Hope this helps!!!!!!

Vladimir Bychkovsky answered Jan 21, 2018

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Related questions

Other Questions