Suppose Mai places $3500 in an account that pays 19% interest compounded each year.
1 answer:
Answer:
a.$4165
b.$4956.35
Step-by-step explanation:
a)19% × 3500 = 665.
3500+665 =4165
b)19% × 4165 =<u> </u><u>7</u><u>9</u><u>1</u><u>.</u><u>3</u><u>5</u>
<u>4</u><u>1</u><u>6</u><u>5</u><u>+</u><u>7</u><u>9</u><u>1</u><u>.</u><u>3</u><u>5</u><u>=</u><u> </u><u>4</u><u>9</u><u>5</u><u>6</u><u>.</u><u>3</u><u>5</u>
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