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mel-nik [20]
3 years ago
10

________ defines how much the portion is of the base

Mathematics
2 answers:
zysi [14]3 years ago
6 0
The rate defines how much the portion is of the base.
GenaCL600 [577]3 years ago
3 0

Answer:

The rate defines how much the portion is of the base.

Step-by-step explanation:

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Step-by-step explanation:

Givens

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3 years ago
Rae deposit 6,000 into a savings account with an interest rate of 4% compounded monthly. how long will it take for the account t
Dovator [93]

Answer: it will take 13.3 years

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

P = 6000

A = 10000

r = 4% = 4/100 = 0.04

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3 years ago
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