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Sergeeva-Olga [200]
3 years ago
12

Dan started making his purchases with $ 100.00 he went to two stores and spent equal amounts in both stores. when he finished sh

opping he had $ 24.24. how much did you spend in the first store?
Mathematics
1 answer:
cricket20 [7]3 years ago
6 0
32.88 is the answer :)
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Select the correct answer.
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Find the balance in the account: $1,600 principal earning %7, compounded annually,after 3 years
LekaFEV [45]

Answer:

Option C. \$1,960.07  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=3\ years\\ P=\$1,600\\ r=7\%=7/100=0.07\\n=1  

substitute in the formula above

A=1,600(1+\frac{0.07}{1})^{1*3}  

A=1,600(1.07)^{3}  

A=\$1,960.07  

5 0
3 years ago
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