To calculate the total earnings from a deposit of $265 with an annual compounding interest rate of 5% over 5 years, you can use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the total amount, ( P ) is the principal amount ($265), ( r ) is the annual interest rate (0.05), and ( n ) is the number of years (5).
Plugging in the values, ( A = 265(1 + 0.05)^5 ) which equals approximately $338.29. Therefore, your total earnings after 5 years would be about $73.29.
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