Brad wants to open a new savings account. He finds one that returns 3% on his investment each year.
1 answer:
Answer:
Step-by-step explanation:
Return rate, r = 3% = 0.03
x = initial investment
b = final balance
After 1 year, the balance i
b = initial investment + interest
b = x + r*x = (1 + r)*x
Because r = 0.03,
b = 1.03x (after 1 year)
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C is the correct answer !!
18/3= 27
therefore your answer is 27