Algebrai Expression

Question

banks pay interest on investments using th eidea of compound interest. compoun interest is calculated by multiplying the amount invested by the sum of one an dthe interest rate raised to the power of the number of years of the intestment. If you invest $1000 in a bank that pays 5% interest, how much money wil lyou have in the bank in five years?

Answer 1

First of all your English grammar needs as much help as your math!

A sentence begins with a capital letter and ends with a period. Please also check your spelling!

The amount available after 5 years of interest at 5% compounded annually is

1000(1.05)⁵

You should be able to do the arithmetic!