answersLogoWhite

0

Depends on how often and when the interest will be paid.

typicalle once a year at the end of the year.

In that case 5000 * (1.05^3) = 5788.12

User Avatar

Wiki User

15y ago

Still curious? Ask our experts.

Chat with our AI personalities

JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan
JudyJudy
Simplicity is my specialty.
Chat with Judy
ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi

Add your answer:

Earn +20 pts
Q: 5000 at 5 percent compound interest 3 years?
Write your answer...
Submit
Still have questions?
magnify glass
imp