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,

3

step-by-step explanation:

in standard form:

a= dictionaries

b= maps

you have to buy 3 dictionaries, so put a 3 next to the a (dictionaries) so that you can multiply them by each other.

a3+b= 60 (the amount of money you have)

we already know the cost of a=15 so replace a with $15

($15 x 3)+b=60

multiply 15 and 3 to get $45 and replace it with $45

45+b=60

and then replace b with 15 to get the total:

45+15=60

that means you have $15 left after buying 3 dictionaries.

15 divided by the cost of a map ($5) equals 3.

so you can buy 3 maps.

sorry if it was confusing!

deez nu tz

step-by-step explanation: