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Raul invests $1000 in a savings account that earns 5% interest compounded annually. how much money will he have in the account at the end of 5 years

Raul invests $1000 in a savings account that earns 5% interest compounded annually. how much money will he have in the account at the end of 5 years
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raul invests $1000 in a savings account that earns 5% interest compounded annually. how much money will he have in the account at the end of 5 years

User Marom
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2 Answers

6 votes
it will have 15,000 dollars in the savings acount\

User SnowyTracks
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4 votes
Amount in the bank account = 1000(1 + 0.05)^5 = $1,276.28
User Pacane
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