Question

If $5,600 is deposited into an account paying 5% interest compounded annually, how much money is in the account agter 3 years?

Answer 1

5600*(1.05)^3 = ?

http://www.google.com/search?source=ig&hl=en&rlz=&q=5600*%281.05%29%5E3+%3D&btnG=Google+Search&aq=f&oq=&aqi=

Answer 2

Is the answer $6482.70?

Answer 3

Yes