Ask Question
27 November, 23:44

You invest 1300 in a account that pays an interest rate of 4.75% what's the balance after 5 years?

+5
Answers (1)
  1. 28 November, 01:45
    0
    Total = Principal * (1 + rate) ^years

    Total = 1,300 * (1.0475) ^ 5

    Total = 1,300 * 1.2611599139

    Total = 1,639.5 1
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You invest 1300 in a account that pays an interest rate of 4.75% what's the balance after 5 years? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers