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MArishka [77]
2 years ago
6

Lauren deposited $3,000 into a savings account with an annual interest rate of 0.75%. She made no deposits or withdrawals for 3

years. If interest was compounded annually,
which equation represents the balance in the account after 3 years?
A = 3000(1 +0.0075)^3
A = 3000(1 -0.0075)^3
A = 3000(1 + 0.075)^3
A = 3000(1 +0.75)^3
Mathematics
1 answer:
Dennis_Churaev [7]2 years ago
5 0
The upper one is correct. Because 0,75% = 0,0075 ( :10) and since the interest rate is positive it has to be 1 + ...
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