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Rudiy27
3 years ago
12

$34,100 at 4% for 3 years

Mathematics
1 answer:
Dima020 [189]3 years ago
3 0
<span>Given Situation: $34,100 at 4% for 3 years
Formula and solutions:
=> 4% = 4% / 100% = 0.04
Since you did not mention if the 4% increase rate is per monthly or yearly. I will assume it’s the annual interest rate.
=> 34 100 dollars * .04 = 1 364 dollar is the annual interest rate
=> 1 364 dollars * 3 years = 4 092 dollars is the total interest for 3 years.</span>



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Answer:

Does anyone know how to do this? How do you have 5% interest every year then you start with 100, how much would you have one year? please explain the math thank you in advance.

Step-by-step explanation:

Does anyone know how to do this? How do you have 5% interest every year then you start with 100, how much would you have one year? please explain the math thank you in advance.

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