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erastova [34]
3 years ago
5

3400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 25 years, to t

he nearest cent?
Mathematics
1 answer:
Mice21 [21]3 years ago
7 0
A = S(1+r)^{t} is the formula for an annual interest rate.

A = the future amount
S =  initial amount
r = rate of interest
t = time in years

Now plug in all variables into the equation.

A = 3400(1+.0825)^{25} = 24670.419

To the nearest cent would be rounding the answer to the nearest hundredth.

24670.419 = $24670.42

The answer is $24670.42
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Hi, thank you for posting your question here at Brainly.

The general equation of a horizontal ellipse is

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If you draw the points on a coordinate plane, the center of the ellipse is at (0,0), so h and k equals 0. Then, the minor axis (2b) spans from 8 to -8 of the y-axis. This is equal to 16 units. Hence,

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