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emmainna [20.7K]
3 years ago
9

Calculate the compound interest.

Mathematics
1 answer:
butalik [34]3 years ago
8 0
You use the first formula. You plug in the values to get A=400(1+(0.05/1))^6. You should get approximately $536.04. I used 0.05 because you need to change the percent to a decimal, and 1 for n because it is compounded annually, meaning once a year.
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