A customer deposits $1000 in a savings account that pays 5% interest compounded annually. How much money will the customer have in the account after 5 years?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Dec 4, 2023 223k views

2 votes

A customer deposits $1000 in a savings account that pays 5% interest compounded annually. How much money will the customer have in the account after 5 years?

Mathematics
high-school

WarFox asked

by WarFox

4.1k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

4 votes

Answer:

five divided by hundred mult

Sven Tschui answered Dec 11, 2023

by Sven Tschui

4.5k points

0 Comments

Please log in or register to add a comment.

Ask a Question

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

4.5m questions

5.9m answers

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.

Other Questions