1. how do you calculate the final amount of an investment of $1000 growing at an annual rate of 3% after 5…

1. how do you calculate the final amount of an investment of $1000 growing at an annual rate of 3% after 5 years?\n a. $1000 + 1.03^{5}$\n b. $1000cdot(1+\frac{0.03}{5})^{5}$\n c. $1000cdot(1 - 0.03)^{5}$\n d. $1000cdot1.03^{5}$

1. how do you calculate the final amount of an investment of $1000 growing at an annual rate of 3% after 5 years?\n a. $1000 + 1.03^{5}$\n b. $1000cdot(1+\frac{0.03}{5})^{5}$\n c. $1000cdot(1 - 0.03)^{5}$\n d. $1000cdot1.03^{5}$

Answer

Answer:

d. (1000\cdot1.03^{5})