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butalik [34]
3 years ago
10

You invest 1300 in a account that pays an interest rate of 4.75% what's the balance after 5 years ?

Mathematics
1 answer:
UNO [17]3 years ago
4 0
Total = Principal * (1 + rate)^years
Total = 1,300 * (1.0475) ^ 5
Total = 1,300 * <span> <span> <span> 1.2611599139 </span> </span> </span>
Total = <span> <span> <span> 1,639.5</span></span></span>1


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