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Ahat [919]
2 years ago
5

At the beginning of year 1, Matilda invests $450 at an annual simple interest rate of 5%. She makes no deposits to or withdrawal

s from the account. Which explicit formula can be used to find the account's balance at the beginning of year 15? What is the balance?
Mathematics
1 answer:
Finger [1]2 years ago
8 0

Answer:

$765

Step-by-step explanation:

interest \:  =  \frac{prt}{100}  \\  =  \frac{(450)(5)(14)}{100}  \\  = 315 \\ total \: money \:  = 315 + 450 \\  = 765

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The given expression is

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