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agasfer [191]
3 years ago
5

Find the balance in the account after the given period. ​$4000 principal earning 4​% compounded​ annually, 5 years

Mathematics
1 answer:
AnnZ [28]3 years ago
8 0
I = P • R • T

= ( 4000 ) ( 0.04 ) ( 5 )

$ 800


NB = I + P

$ 800 + $ 4000
NB = $ 48000
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