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Marina CMI [18]

3 years ago

14

Sheila deposited $1,050.00 into a saving account at her local bank. if the interest rate is 1.5%, then how much will he have aft

er 18 months (round your answer to the nearest cent)?

1 answer:

Helga [31]3 years ago

5 0

A=p (1+r)^t
A future value?
P present value 1050
r interest rate .015
t time 18/12
A=1,050×(1+0.015)^(18÷12)
A=1,073.71

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Here is your answer

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REASON:

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Given

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$= \frac{9}{16}\pi \: {unit}^{2}$

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