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purplemexican
 one year ago
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?
purplemexican
 one year ago
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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Vocaloid
 one year ago
Best ResponseYou've already chosen the best response.0money = (investment)(1+interest/100)^(years)

calculusxy
 one year ago
Best ResponseYou've already chosen the best response.1It's 5% interest being added on annually, thus you have \[5(0.05) + $1000\]

calculusxy
 one year ago
Best ResponseYou've already chosen the best response.1@purplemexican Is the expression clear?
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