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3 years ago

13

Steven starts a savings account with $10,000. He earns 7% annual interest. How much will be in the account after 6 years. Round

to the nearest dollar. Thank you!

1 answer:

sveta [45]3 years ago

7 0

So the equation is A = P(1+rt)
A = 10,000(1+0.07*6)
A = 10,000(1+0.42)
A = 14,200.00

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