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balu736 [363]
3 years ago
10

) Marcus collects donations and sends care packages to troops overseas. He has 36 bars of soap

Mathematics
2 answers:
BabaBlast [244]3 years ago
5 0

Answer:the answer is the answer is 12

Step-by-step explanation:

Mnenie [13.5K]3 years ago
4 0

Answer:

The answer is 12 packages

Step-by-step explanation:

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Miguel deposits $5000 in an account
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Then the amount of money will he have in his account after 10 years will be $7,454.16. Then the correct option is B.

<h3>What is compound interest?</h3>

Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.

Miguel deposits $5000 in an account earning 4% interest compounded monthly.

Then the amount of money will he have in his account after 10 years will be

We know the compound interest formula.

A = P (1 + r)^t

Where

A = amount

P = principal

r = rate of interest

t = time period (in year)

Then we have

\rm A = 5000 (1 + 0.04)^{10}\\\\A = 5000 (1.04)^{10}\\\\A = \$ \ 7454.16

More about the compound interest link is given below.

brainly.com/question/25857212

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