If 3000 is invested at an annual interest rate of 5% and compounded annually, find the balance after

Discussion in 'Calculator Requests' started by math_celebrity, Oct 28, 2016.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    If 3000 is invested at an annual interest rate of 5% and compounded annually, find the balance after 2 years.

    Use our compound interest calculator, we get:
    Balance = $3,307.50
     
    math_celebrity, Oct 28, 2016
    #1

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