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Tamiku [17]
3 years ago
14

Suppose you invest $500 in a savings account that pays 3.5% annual interest.

Mathematics
1 answer:
icang [17]3 years ago
7 0
That would be exponential growth.

Total = principal * (1+rate)^time

Total = 500 * (1+.035)^5

<span><span><span>Total = 593.84</span></span> </span>



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