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IgorC [24]
3 years ago
13

An investor puts ​$500 in an account that pays 3​% interest compounded annually. Find the account balance after 6 years.

Mathematics
1 answer:
Ahat [919]3 years ago
6 0
Use the formula A=Asub0(1+/-intrest)^time for compounded annually. In this case it would be A=500(1+.03)^6. Hope this helps!
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Answer:

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General Formulas and Concepts:

<u>Pre-Algebra</u>

  • Equality Properties

<u>Algebra I</u>

  • Solving quadratics

<u>Algebra II</u>

Imaginary root i

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Step-by-step explanation:

<u>Step 1: Define</u>

<em>Identify</em>

2x² + 3 = 0

<u>Step 2: Solve for </u><em><u>x</u></em>

  1. [Subtraction Property of Equality] Subtract 3 on both sides:                        2x² = -3
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  3. [Equality Property] Square root both sides:                                                    x = ±√(-3/2)
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