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Alexus [3.1K]
3 years ago
11

please help please help please help Suppose Karen $1000 that she invests in an account that pays 3% interest compounded annually

. How much money does Karen have at the end of 3 years?Solve for the interest
Mathematics
1 answer:
mojhsa [17]3 years ago
7 0

‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎

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Source:http://www.1728.org/volpyrmd.htm

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If the original price was 'p', the new price would be 'p - 10%p' or 'p - 0.1p'. We know this is equal to 305, so 'p - 0.1 p = 305' would be the equation.
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