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storchak [24]
3 years ago
13

You invest an initial $100 in an account that has an annual interest rate of 3%, compounded quarterly. How much money will you h

ave in the account after 20 years? Round your answer to the nearest whole number.
Mathematics
2 answers:
Aleks04 [339]3 years ago
8 0
180.81 is the answer
Alla [95]3 years ago
3 0
3 dollars qrtly making it 12 a year times 20 years will be 340 
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2 years ago
Or Classroom Partner
meriva

$137.5 is the money does Nancy have.

<u>Step-by-step explanation:</u>

The given information are,

  • Steve has a total money = 55
  • Nancy has a money = 250% as much money as Steve.

We know that, from the given data the money that Steve has is 55.

This means that, Nancy has money = 250% of 55.

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The percentage can be represented as 1 divided by 100.

⇒ x = (250 × 1/100) × 55

⇒ x = 2.5 × 55

⇒ x = 137.5

The money does Nancy have is 137.5

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