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Tanzania [10]
3 years ago
15

Lisa invested $2500 in a bank account. The account has an annual interest rate of 3.5%. How much money will be in the account af

ter 15 years? Use the formula A(t) = P*e^rt to solve the problem. (round to the nearest hundredth)​
Mathematics
1 answer:
madreJ [45]3 years ago
7 0

Answer:

A = $ 4188.38

Step-by-step explanation:

A= $2500

r = 3.5% = 0.035

t = 15years

n = 1

     A = P(1 + r)^t

        = 2500 ( 1 + 0.035)^{15}\\\\= 2500 (1.67535)\\\\= \$ 4188.38

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