Pablo has $5,483 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much will he have in 3 years?

(compound interest formu)

Step-by-step explanation:

Given:

Find the total amount in 3 years:

Here we've been given,

The standard formula for Compound interest (C.P) is given by,

i would pic false cause it goes down towards negative

step-by-step explanation:

-362

step-by-step explanation:

(12)(4)+2(12)-34(12)+2(12)-3

  \/         \/         \/         \/

  48 +   24 -   408 + 24 - 3

      \   /               \   /

          72     -     432 - 3 = -363