PLZ ANSWER FAST (50 POINTS + BRAINLIEST) Your parents deposited $1,500 into a new college fund that will earn an annual compound interest rate of 3%. How much money will be in the account when you need it for college in 5 years? (write and use the compound interest formula)

$1,738.91

Step-by-step explanation:

Future value = A(1+i)^n

A= $1,500

i = 3%

n - 5

Future value = $1,500*(1+0.03)^5

Future value = $1,500*(1.03)^5

Future value = $1,500*(1.03)^5

Future value = $1,500*1.1592740743

Future value = $1738.91111145

Future value = $1,738.91

$1,738.91 is the amount of money you will meet in the account when you need it for college in 5 years.

since your problem is x^4 = 81, what you have to undeo is the "to the fourth power" part.

the inverse (opposite operation) of "to the fourth power" is "to the fourth root".

  (x^4) ^ ¼   = 81 ^ ¼  

  81 = 3^4     so (3 ^ 4) ^ ¼   =   3 ^ 1   = 3

by hand: (3 ^ 4) ^ ¼   =   3 ^ (4 x ¼) = 3 ^ 1   = 3   (when you take a power to a power, multiply the exponents.)

or, do it by calculator. one way of finding the fourth root is to use ^ (1/4)

step-by-step explanation: