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

asked Aug 15, 2023 46.7k views

1 vote

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

compounded annually.

3.8k points

Please log in or register to add a comment.

6 votes

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

Jnanaranjan answered Aug 19, 2023

3.9k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.7m questions

6.0m answers