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how much interest would $5,000 earn in one year at a rate if 5% compounded annually? what would be the new balance
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4 votes
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how much interest would $5,000 earn in one year at a rate if 5% compounded annually? what would be the new balance

User Brian Bird
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6 votes
6 votes
In one year $5000 at an interest rate of 5% would earn $250 and the new balance would $5250
User Sayingu
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12 votes
12 votes
The answer would be $5,250

You would do 5,000 x 0.05 = x
User Steztric
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