Mackenzie has $70 in a savings account. The interest rate is 5%, compounded annually.
1 answer:
Answer:
She will have $73.5 in 1 year
Step-by-step explanation:
She has $70 and the interest rate is 5% so we need to add 5% to the initial value
x = $70 + $70 * 5%
5% = 5/100
x = $70 + $70 * 5/100
x = $70 + $3.5
x = $73.5
She will have $73.5 in 1 year
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Answer:
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Step-by-step explanation:
Part B was solved using a graphing calculator
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