3 years ago

Please answer quickly! I’m so confused and I have no idea what to do! I will mark brainliest!

2 answers:

Dimas [21]3 years ago

6 0

Since this problem is compound interest, the formula would be:
500×(1.03)^20 = 903.056

6 0

We can use the I=P(1+RT) formula here.

I = 500(1+(0.03)(20))

I= 500(1.6)

I = $800

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