Show answer in lowest terms. 25/75+ 25/125=
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Principal Amount = P = $ 4100
Interest rate = r = 7.25% = 0.0725
Time in years = t = 8 years
Amount accumulated = A
Formula for compound interest is:
Using the given values, we get:
Rounding of to nearest hundredth, the balance in the account after 8 years will be $7322.76
Interest rate = r = 7.25% = 0.0725
Time in years = t = 8 years
Amount accumulated = A
Formula for compound interest is:
Using the given values, we get:
Rounding of to nearest hundredth, the balance in the account after 8 years will be $7322.76