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A deposit of $5000 is made into a savings account which earnes 3&3/4% interest compounded annually. If no additional deposits or withdrawals are made, which amount is the total balance at the end of 10 years?


A.$6,719.58

B.$6,875.00

C.$7,225.22

D.$7,401.22

Respuesta :

zexius
[tex]5000 * (\frac{100 + 3.75}{100}) ^{10} [/tex] = $7225.21971 ($7225.22)

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