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NNADVOKAT [17]
2 years ago
12

Kaiden deposited $6200 into a savings account for which interest is compounded weekly at a rate of 2.77%.

Mathematics
1 answer:
scoray [572]2 years ago
5 0
A=p(1+i/m)^mn
A=6,200×(1+0.0277÷52)^(52×8)
A=7,737.59
Interest earned=7737.59-6200=1537.59
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