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3 years ago

11

2020

1 answer:

worty [1.4K]3 years ago

4 0

E-english class
M-math class
E=1/2s•M

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3 years ago

Find the amount in a account where $200 is invested at 3.5% compounded quarterly for a period of 3 years.

AlexFokin [52]

The amount after 3 years would be $221.74

<u>Explanation:</u>

Given:

Principal, P = $200

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Time, t = 3 years

Amount, A = ?

We know:

$A = P(1+\frac{r}{100})^t$

Substituting the value we get:

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Therefore, the amount after 3 years would be $221.74

3 0

3 years ago