Answer:
It will compound $1,500 annually
Step-by-step explanation:
First you need to change your precent to a decimal, do this by dividing by 100:
3% ÷ 100 = 0.03
Then multiply your ammount ($10,000) by your time (5 years) by your decimal (0.03):
10,000 × 5 × 0.03 = 1,500
Then there is your answer! I hope this helped! <3
