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Mathematics, 12.04.2021 18:40 babiibri4771

Using formula B=p(1+r)5 =$1000(1+0.05)5
1000(1.05)5
1000(1.2762815625)
total=1276.28
using formula above, calculate balance if interest is compounded annually. $800.00 at 4% interest for 2 years
how did I get the (1.2762815625)
multiplying what numbers?

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Using formula B=p(1+r)5 =$1000(1+0.05)5
1000(1.05)5
1000(1.2762815625)
total=1276.28...

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