Answer:
$7,789.84
Step-by-step explanation:
You would use this this formula for compound interest where the account is compounded quarterly.
[tex]amount \times (1 + {multiplier}^{3} )^{5} [/tex]
So you would need to substitute values from the question in.
[tex]5000 \times ( {1.03}^{3} )^{5}[/tex]
And this gives the answer $7,789.84
