Respuesta :
After 1 year
5000 * (106.3 / 100)
$ 5315
After 2 years
5315 * (106.3 / 100)
$ 5649.845
After 2 years
5649.845 * (106.3 / 100)
$ 6005.785
So the amount you have in 3 years
$ 6006
5000 * (106.3 / 100)
$ 5315
After 2 years
5315 * (106.3 / 100)
$ 5649.845
After 2 years
5649.845 * (106.3 / 100)
$ 6005.785
So the amount you have in 3 years
$ 6006
For this specific problem, you will have $6040.20 in the account after 3 years. I am hoping that this answer has satisfied your query about and it will be able to help you, and if you’d like, feel free to ask another question.