Carlos makes 1 pound of snack mix using nuts, raisins, and cereal. He uses 1/3 pound of nuts and 2/5 pound of raisins. How much
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This problem is about componded interest. The formula for compounded interest is:
In this case, Initial = 300, r = 0.06 and t=10 so the total amount in the account after 10 years is:
The amount after 10 years is 573.26.