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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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