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Natasha2012 [34]
4 years ago
9

What is 10$ in 245 years with a 5% interest

Mathematics
1 answer:
EleoNora [17]4 years ago
4 0
If it's simple interest...

F=P+Prt

F=10+10(.05)245

F=$132.50

If it's compound interest;

F=Pr^t

F=10(1.05^t)

F=10(1.05^245)

F=$1553739.73
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