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1. If you put $5000 in a savings account that is compounded annually at 2% what is the amount of money you will have after 3 years?

1. If you put $5000 in a savings account that is compounded annually at 2% what is the amount of money you will have after 3 years?
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2 votes
1. If you put $5000 in a

savings account that is
compounded annually at
2% what is the amount
of money you will have
after 3 years?

User Khant Thu Linn
by
8.2k points

1 Answer

4 votes

Answer:

$5,306.04

Explanation:

User Yoav
by
8.2k points
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