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WARRIOR [948]
3 years ago
14

You invest 300$ at 4% intrest compounded every year what will your balance be after 5 years?

Mathematics
1 answer:
polet [3.4K]3 years ago
5 0

Using the given formula:

A = 300(1+0.04)^5

A = 300(1.04)^5

A = 364.995 = 365.00

The answer is D.

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