Answer:
5780
Explanation:
Using the formula i = prt we first solve for the amount of interest accumulated over the 3 year time period.
[tex]i = prt\\i = 5000(5.2)(3)\\i = 5000(15.6)\\i = 780.00[/tex]
So now we know that we accumulated $780.00 worth of interest over the 3 year time period. Now, in order to find out how much is in the account we ad the amount of interest to the principle. Or, solve i + p = b
[tex]i + p = b\\780.00 + 5000 = b\\780.00 + 5000 = 5780[/tex]
So, the balance will be 5780 after 3 years.
