Problema Solution
how much would have in an account after 5 years if you deposit $1500 and the 3% inerest is compounded weekly.
Answer provided by our tutors
1 year = 52 week,
5 year = 260 week,
in 1 week 3 % from $1500,
so in 1 week = 3% * 1500
= $45
in 5 year = $45 * 260 = $11700,
Total you have with deposit = $1500 + $11700 = $13200